Bitcoin May Approach $4,000

The analyst of Goldman Sachs stated that even though the bitcoin price has increased by 3 times this year, it has not yet reached the level of earnings. While there was a general boom in the cryptocurrency market, the notable rise has been described as a bubble by some. Jafari, who was recently persuaded by Goldman Sachs’ clients to show interest in bitcoin, predicts the current corrective course will push bitcoin higher.

Principal analyst, Wall “The fourth wave should not be “$1,857 (lower),” Street told clients. However, he thinks it may take some time.

According to CoinmarketCap data, bitcoin is up 5.28% today, trading at $2573, the highest it was at $2,601.

Source: cryptocoins

Price analysis: ETH, BTC and LTC (June 22, 2017)