Cryptocurrencies
A Goldman Sachs Analyst Is Bullish on Bitcoin. But Is Goldman?
- Bitcoin could rally 23% in the short term, a new slide says
- The slide is part of two dozen in a deck sent to clients
This article is for subscribers only.
In a packet of slides sent to clients yesterday, Goldman Sachs Group Inc. technical analyst Sheba Jafari said that Bitcoin could go up by 23% in the short term, and that later the coin could go even higher. That doesn’t mean the bank is bullish on Bitcoin, though.
The views “are not an ‘official view’ of Goldman Sachs,” cautions a note introducing the 28-page packet of slides titled “The Charts That Matter Next Week.” The bank sends such packets to clients weekly to highlight market trends to watch out for.