Bitcoin Risks Consolidation as $8,000 Approaches, Goldman Says
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While bitcoin might hit $8,000, Goldman Sachs Group Inc. analysts say that could be the last big number we see for a while.
Technical analysts Sheba Jafari and Jack Abramowitz, in a note sent Sunday, caution traders against betting on a surge past that price. The warning follows bitcoin’s rapid rise beyond $5,000 and $6,000 in the past month. Even though the Goldman analysts say we might reach a pause, they’re still optimistic the cryptocurrency will move higher.