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RE: Goldman Sachs says bitcoin could rise another 50%

in #cryptocurrency7 years ago

Before you go dumping all of your money into bitcoin, she does state:

To be sure, Jafari said, "fourth waves tend to be messy/complex," meaning bitcoin could continue trading in a range and potentially fall close to $1,857 before recovering.

Also, know that Jafari seems to be primarily going of off chart/technical analysis - meaning she expects past price patterns to be seen again. She does not seem to have a lot of 'fundamentals' (business prospects, demand news, consumer trends) feeding her prediction.

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