Based in what Goldman Sach's technical analyst predicted about bitcoin price - Sheba Jafar: The price could continue to increase towards $3,915 with no stop.
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Cryptocurrencies are the talk of the town these days, and investors and programmers around the world are searching for systems that will provide the greatest level of support and return. One such currency, NEO, has the makings of the largest and most important cryptocurrency in the world.
By analyzing the chart and the new low we can see that the price is going to bounce from the 46.00 support level. By drawing an upward line which will be a support line for further upwards movement. RSI is going to confirm price reversal. We can use a breakout signal for confirmation of the upward movement and entry in the market.
Bitcoin price surge after the August 1 Hard fork and creation of Bitcoin Cash will not stop as in just a night from trading around $3.700 climbed its way to close $4.200 (more precise $4.208) as it all happened after reaching $3.000 for the first time.
