Goldman Sachs predicts bitcoin price may rebound to $12,916 – $13,971

Goldman Sachs, in a recent note to customers, provided an upbeat price forecast for bitcoin.

Based on Elliot Wave theory, analysts at the investment bank believe the price of bitcoin may rally to $12,916 – $13,971 if it avoids contact with the $10,791 level.

Analysts at the ‘Great Vampire Squid’ believe that $12,916 – $13,971 could potentially establish the floor for a new bullish trend as long as it does not retrace further than the $9,084 low.

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