Goldman Sachs starts covering Bitcoin

posted 15 days ago
According to information provided by zerohedge.com, "not only has bitcoin officially made its way to Wall Street, but confirming rumors that emerged over the weekend, "hedge" funds - starved of volatility in virtually all other asset classes - are now not only actively trading the volatile digital currency, but as clients of the vampire squid, have petitioned Goldman's chief technician, Sheba Jafari to start covering it."

In the report that Goldman Sachs released today, Goldman's chief technician, Sheba Jafari concludes that "the balance of signals are looking broadly heavy" with the following view: "wary of a near-term top ahead of 3,134. Consider re-establishing bullish exposure between 2,330 and no lower than 1,915."

Tags: news, bitcoin