Goldman Sachs is apparently saying that they are expecting $Bitcoin to reach at least 100k in a recent report according to this article. So what does this mean for us? Well we know the banks are always trying to get us to do the opposite of what they want to do so why would they come out with a report saying that Bitcoin would rally to 100k?
Goldman Sachs is apparently saying that they are expecting $Bitcoin to reach at least 100k in a recent report according to this article. So what does this mean for us? Well we know the banks are always trying to get us to do the opposite of what they want to do so why would they come out with a report saying that Bitcoin would rally to 100k?
What we do know is that $Bitcoin is in a weekly uptrend being held currently by a buying area from the institutions. Question is, will they use the buying area to propel price higher? If they are releasing a report that Bitcoin will rally to 100k then they would be helping all the retail traders with buying advice and if the retail traders are buying then that means the banks must be selling.
Truth is if that weekly buying area is broken through then there is no stopping Bitcoin from falling even further.
