Goldman Sachs intervenes in the Bitcoin market and is bearish on Bitcoin for now

Goldman Sachs intervenes in the Bitcoin market and is bearish on Bitcoin for now

Last week, there were rumors that some funds were dabbling in investing in digital currencies such as Bitcoin. Now, Wall Street banking giant Goldman Sachs has confirmed the rumor, and its chief technical analyst Sheba Jafari has begun predicting the price of Bitcoin.

In a report released by Goldman Sachs today, Jafaru reminded his clients to be wary of the recent top of $3,134 and consider re-establishing bullish sentiment if the price falls to between $1,915 and $2,330.

Jafari wrote:

“If Bitcoin price breaks below $2,749 today (June 12), it will form a key bearish reversal day sign. If it closes below $2,475 on Friday, it will also become a key weekly bearish sign. Both the daily and weekly swings are divergent, and all signs indicate that the signal balance looks very heavy.”

In other words, Goldman Sachs is currently bearish on Bitcoin. Generally speaking, Goldman Sachs' reports can only be used as a reference, but in recent years, this guy often speaks in a sarcastic way.
Therefore, analysts at Zerohedge believe that this could mean that Bitcoin will create new all-time highs in the short term.

What do you think?

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