Goldman Sachs Bitcoin Price Forecast eyes $8,000


Bitcoin has not only taken over the attention of the global traders, as it also has attracted some major banks. While Goldman Sachs Bitcoin Price Forecast eyes $8,000 spike, we also talk about Lloyd Blankfein’s, the CEO of this bank, opinion on this cryptocurrency.

7 November, AtoZForex Just yesterday, we talked about the positive stance of the Goldman Sachs CEO in regards to Bitcoin. Today, we look into the actual Bitcoin price forecast from Goldman Sachs employees.

Goldman Sachs CEO Bitcoin Stance

The Chief of Goldman Sachs has shared his opinion in regards to the king of the top cryptocurrencies. He has acknowledged that there is no reason for Bitcoin dismissal. As a matter of fact, Goldman Sachs has been a lot more patient in regards to Bitcoin in comparison to other financial institutions.

Also, he has stated that there is no reason for people to remain skeptical about Bitcoin. Yet, Mr. Blankfein made it clear he is not a fan of cryptocurrencies. Mr. Blankfein has commented the following:

“I’ve learned over the years that there’s a lot of things that work out pretty well that I don’t love.”

These remarks by Goldman Sachs CEO mark the first official acknowledgment of the Bitcoin by a major bank. In fact, Goldman Sachs has never closed customer bank accounts for cryptocurrency transactions. Moreover, this bank’s officials have not been expressing any criticism in regards to the cryptomarket.

Goldman Sachs Bitcoin Price Forecast

Apparently, Goldman Sachs analysts have actually been advising clients on the price of Bitcoin. Such initiative has been positively met by the digital currency supporters and other institutional investors.

One of such latest advice included the forecast based on the latest all-time high of Bitcoin above $7,600. The analysts Sheba Jafari and Jack Abramowitz have warned that the signs are hinting at the new run-up. Yet, the new Bitcoin rally might need some time to develop:

“This break indicated the potential for an impulsive advance, one that could reach at least 7,941. This is the minimum target for a 3rd of 5-waves up and should, therefore, be a level from which to watch for signs of a consolidation.”

As of now, Bitcoin price stands at $7128.37, it has lost some of its recent rally’s steam. Yet, the bullish forecast by Goldman Sachs analysts eyes as much as $8,000. Earlier this week, the team of Goldman Sachs analysts has distributed the note to its clients with this outlook.

Goldman Sachs Bitcoin Price Forecast

In the meantime, there is a speculation that Goldman Sachs considers new client-facing brokerage that is based on cryptocurrencies.

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