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Goldman Sachs Sets Short-Term Bitcoin Price Target at $13,971

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Goldman Sachs is predicting a new 2019 bitcoin price high of $13,971 once the current pullback is over.


30% Bitcoin Price Pullback — Another Buying Opportunity?

In a note released to investors, the Wall Street bank predicted a short-term bitcoin price target of $13,971. Going by the current market value, this forecast indicates a 25% increase in bitcoin price during the upward push.

Su Zhu of Three Arrows Capital posted a tweet on Monday (August 12, 2019) showing a portion of the note from Goldman Sachs. The forecast appears to rely on the “Elliot Wave Theory,” which holds that there ...

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