Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from all-time highs.
"The market has shown evidence of an impulsive rally since breaking above 6,044," Sheba Jafari, vice president on the bank's FICC Market Strats team, said in a Sunday note. "Next in focus [$]7,941. Might consolidate there before continuing higher."
Bitcoin has surged more than sevenfold this year. The digital currency hit a record high of $7,601.53 over the weekend before briefly dropping below $7,000 Sunday, according to CoinDesk. Bitcoin was trading around $7,092 Monday afternoon, leaving room for about 12 percent in gains to Jafari's $7,941 level.
Reference: CNBC
Read more: https://www.cnbc.com/
Thai
Eng