Bitcoin saw its price skyrocketing during few past weeks, reaching as high as 7,600 and beyond. The price is showing a small drop at the moment, but according to analysts working for Goldman Sachs, bitcoin price could go beyond $8,000.
A note, which was sent to Goldman Sachs clients a couple of days ago, contains predictions that Bitcoin price could reach $8,000. But the note also contains advice for traders against waiting for the price to go higher than the one projected.
Technical analysts Sheba Jafari and Jack Abramowitz, the ones behind the prediction, believe that the price will reach a new all-time high, but they also believe that after reaching a new record, the currency might enter a period of stagnation, but are optimistic about its future and believe that bitcoin should see a steady long-term growth.
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