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GOLDMAN SACHS: Bitcoin is looking ‘heavy’
|06/13/2017||Posted by BusinessMediaguide.Com under General World News||
Bitcoin has had a blistering start to 2017. It’s up about 180% so far this year. However, its near-term outlook isn’t looking so hot, according to a note released on Monday by Goldman Sachs head of technical strategy Sheba Jafari.
“The market has come close (enough?) to reaching its extended (2.618) target for a 3rd of V-waves from the inception low at 3,134,” Jafari wrote. “It’s on track to forming a bearish key day reversal if today’s close settles below 2,749.”
Bitcoin hit a lifetime high of nearly $3,000 a coin on Monday, but was unable to hold onto those read more >>>