" Anything above 3,000 (June 13th high) will suggest potential to have already started wave V, which again has a minimum target at 2,988 and scope to reach 3,691, "
Jafari wrote in the note.
Reversing a bearish outlook for the price of bitcoin, Goldman Sachs chief technician Sheba Jafari told clients in a new report this week that the cryptocurrency may reach a new high over $3,600 soon.
As profiled by Business Insider, the movement is in line with Jafari's earlier analysis, reported on June 13, when she suggested the price would temporarily drop below $2,000, only to then turn bullish.
Indeed, since surpassing its all-time high over $3,000 on June 12, the bitcoin price tumbled to as low as $1,836 on the CoinDesk Bitcoin Price Index. Shortly thereafter, it hit a one-month high across major exchanges amid progress on its technical roadmap.
With this much foreseen, Jafari now believes the price of bitcoin is in for a period of fluctuation, at least until a new wave of price growth begins.
Nice post. Just got your info from a reply in youtube 'how to use steemit'. If your still looking for a group for steemvoter.com 'Iv just started a group and I'm happy to add you if you add me @bluntendo. look forward to your reply
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Great post, I'm going to buy more btc today : )
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Thanks bro
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I haven't even started with bitcoins!
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Bitcoin and SBD are going to stay. That's why I bought more steem instead of transferring my SBD to my PayPal. Nice post!
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very goods post..
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Very nice post
Plz Follow me and upvote my post
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Informative
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good post
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I have yet to trade any Steem for Bitcoin, but with such a value increase I may just have to.
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yes
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upvoted.
00031 Biplab https://steemit.com/@biplab007
http://www.doze.io/group-1/
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That's good work. be popular on http://www.doze.io
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Very good post
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