Goldman Sachs: Bitcoin’s local maximum is $8000, bigger future values not excluded

Sheba Jafari, analyst from Goldman Sachs, has demonstrated her expertise at the middle of this summer when in a report which went largely unnoticed by the public, she stated that Bitcoin would rise to $3,600 - and this turned out to be true. But this was not the only one correct prediction: later, Jafari's prognoses in August about the rise and subsequent fall of Bitcoin came true in September after the big bullish trend was eventually paused by the Chinese ICO ban. Everybody immediately connected the drop to the ban, but the wave analysts might have smirked as they already knew the price would fall anyway.

With this history of successful prognoses, any recent prediction from Sheba Jafari is certainly worth mentioning. As she thinks, Bitcoin has all conditions for more growth and the price will consolidate at $7,941 or even $8000 per coin. After that, the growth will not be as fast, but it will continue, Goldman Sachs experienced analyst concludes.

Elliott waves theory adepts will be interested to know that S. Jaffari suggests Bitcoin is currently at the third wave. As they undoubtedly know, market prices behave according to patterns which can be divided into five repeating waves.

Another analyst, Ronnie Moas, tells he now believes that Bitcoin is going to reach $20,000 in three years and $50,000 in a decade. Now this is an attractive prospect for long-term investors!