’ technical analysis team led by has recently made another (BTC) prediction, stating that the major risks sinking below the February low, reported on March 12.
On Sunday, the team sent a note to clients warning that the next BTC sell-off threatens dipping below the February low of $5,922. Jafari’s team suggested that the next sell-off would be caused by the break of short-term support at $9,210.
“The break is significant as implies [sic] potential for a more impulsive decline,” Jafari stated. Her team warned investors to keep an eye on BTC price, predicting that, “The next meaningful level is down at $7,667 to $7,198.”
“Getting а сlоѕе brеаk thіѕ tіmе аrоund wоuld wаrn оf ѕtruсturаl dаmаgе, іnсrеаѕіng thе rіѕk оf nеw lосаl lоwѕ (<5,922). At thіѕ роіnt, nееd tо gеt bасk thrоugh 9,322 (thе Fеb. 26th lоw) fоr thіѕ tо ѕtаbіlіzе,” Jafari’s team wrote.
Jafari, the head of technical strategy at Goldman Sachs, is known for . , Jafari suggested that bitcoin would hit the $4,000 mark by the end of the year. Later in , when BTC reached $7,000, Jafari made another prediction stating that bitcoin would consolidate at $8,000 before going higher.
bitcoin’s price rallied to $20,000 in from a modest $1,000 at the beginning of the year, before sinking down to on Feb. 6 2018. Some experts believe that the cryptocurrency downturn is mostly likely due to a by the attorney and bankruptcy trustee of Mt. Gox, formerly the largest global bitcoin .
Published at Mon, 12 Mar 2018 21:16:16 +0000
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