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Bitcoin plunges below Goldman Sachs' target before rebounding sharply

Original story at Business Insider• 11 mentions • 2 months ago

Business Insider 2 months ago

 
Bitcoin's bubble has officially burst. The cryptocurrency plunged nearly 20% over the weekend, putting in a low of $1,758 a coin before recouping some of those losses. It's currently trading at $2,048. At that point, bitcoin was down more than 40% from its record high of about $3,000, set on June 12.The weekend plunge pushed the cryptocurrency below the target of Sheba Jafari, the head of technical strategy at Goldman Sachs. In early July, Jafari put out a note saying bitcoin was "still in a corrective 4th wave" that "shouldn't go much further than 1,857."Jafari wasn't the only one who ...
 
 
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What they're saying:

17 Jul
Tom Petruno @tpetruno
Bitcoin pricing has felt like a game of pinball the last few days. Back above $2,000 today. https://t.co/JpKJ11ae63
17 Jul
Jeffrey J Davis @JeffreyJDavis
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/HzLiihpON1 https://t.co/clcfIhuz03
17 Jul
David Colgren @dcolgren
Bitcoin plunges below Goldman Sachs' target before rebounding sharply | 07/17/17 https://t.co/AHCtZEXRn5
17 Jul
BISoftwareNews @BISoftwareNews
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/qB6gYtSWoG #bisoftware https://t.co/jJlwvmHhiE
17 Jul
Analytics News @analyticsprnews
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/3NJdfEaNt2 #storystream https://t.co/sh4UBNXOhP
17 Jul
Finance News @financeprnews
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/AV80mne8bC #finance https://t.co/cd255YhCwR
17 Jul
Paul Colgan @Colgo
RT @businessinsider: Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/8MCw3bLWNv https://t.co/01XuSNGOhx
17 Jul
BI Tech @SAI
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/c4FxuSYY69 https://t.co/pUU5FGBS8a
17 Jul
BI Markets @themoneygame
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/H7lML5k7E7 https://t.co/EpAKcA1lfj
17 Jul
Finance Insider @clusterstock
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/DFRcK1bYIm https://t.co/ayMY5MS74D
17 Jul
Business Insider @businessinsider
Bitcoin plunges below Goldman Sachs' target before rebounding sharply https://t.co/8MCw3bLWNv https://t.co/01XuSNGOhx