Bitcoin Technical Analysis anyone? Goldman has some thoughts on the topic. With the price of one bitcoin hitting a high of $4,483.55 on Friday, it reached a market capitalization near $73.5 billion. This would rank in the 74th largest stock listed on the S&P 500, highlighting historic growth for an “asset” that has difficult to quantify value. Goldman Sachs is getting into the action, as Bitcoin Technical Analysis done by Sheba Jafari and Jack Abramowitz are watching for a potential run to $4,827 with one important caveat. [dalio] Goldman Bitcoin technical analysis predicted the rise, and now is keeping an…
Goldman Is Watching Bitcoin $4,483 Level After Accurately Predicting Recent Price Rise
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.