Goldman_Sachs-bitcoinIt was with the air of a Julliard-trained violinist reluctantly bowing the first notes of Devil Went Down To Georgia for a family wedding that Goldman Sachs initiated coverage of the speculative money-laundering-based asset and digital blackmail vehicle known popularly as bitcoin Monday. “Due to popular demand, it’s worth taking a quick look at Bitcoin here…” Goldman’s top technical analyst Sheba Jafari wrote in a note to clients, the ellipses presumably denoting a heavy sigh. Goldman didn’t want to do this, but you gotta go where the customers are.
Jafari’s conclusion: expect a top soon. Here’s a chart, courtesy of Zerohedge.
full: http://dealbreaker.com/2017/06/goldman-sachs-side-eyes-bitcoin-just-long-enough-to-perfectly-call-the-top/