Quote from: Yuuto on July 27, 2017, 09:50:59 AM

Quote from: talkbitcoin on July 27, 2017, 09:45:11 AM

the article is saying exactly what you are saying Grin

she speculates about a period of fluctuations until this "new wave" starts and price breaks the ATH and reaches the $3691 as the previous resistance breaks.

here is the better version of the article:
http://www.businessinsider.com/bitcoin-price-goldman-sachs-technical-analysis-2017-7

Thanks for the link.

In that case then i think there is more probability that it is a legit prediction instead of just a sort of publicity stunt that i mentioned beforehand because that is excatly what i think is going to happen as well.

However, what we don't know is when it's going to happen. And that's the thing that really matters.

I'd say that by the end of August we could see some renewed optimism in the bitcoin community as the panic of 1st August finally settles down, and bitcoin attempts to break that $3000 mark once again. If it does break the $3000 resistance then we can definitely expect a high number in the late 3000's.

I find it quite surprising that a market analyst from Goldman and Sachs are into bitcoin market now. If I remember it correctly, there was another article from one of them saying the same thing. I think they are trying to attract investors or they have already investors around getting them as fund managers that's why they are hyping bitcoin now more than ever.

The prediction is really optimistic, but remember we have another hurdle to overcome regarding the looming hard fork. But if we are going to face it and succeeding then pretty much we are going to reach that price. I'd the last quarter of the year will really push bitcoin price to a new level and will resume and re-established itself again as the dominant crypto currency.