Goldman Sachs warned: Bitcoin could fall further

According to the technical analysis team led by Goldman Sachs’ Sheba Jafari Bitcoin The bulls have not come out of the woods yet.

On a note sent to customers on Sunday, Jafari and his team reported that more sales warnings were on the horizon at Bitcoin, broken $ 9210 short-term support, and the price could fall below $ 6,000.

Goldman Sachs warned: Bitcoin could fall further

Jafari said that if the price of bitcoin falls between $ 7000- $ 7500, the technical analysis will show that it may fall below $ 6000 after a while.

If Bitcoin experiences such a decline, as Jafari from Goldman Sachs says, it means that it will drop about 35 percent from its current price.

Goldman Sachs warned: Bitcoin could fall further
Technical analysis chart of Goldman Sachs

Since the team tends to move together with the majority of the crypto money, Ripple, I Ethereum , Bitcoin Cash and that purchasing crypto notes like Litecoin might be too risky at the moment.

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