Goldman Sachs is Positive on Bitcoin, One of the Firm’s Analysts Predicted a Short-Term Target of $13,971, & Other News

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Daily digest by Cointelegraph Price Analysis 12/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM While many are bullish on Bitcoin, altcoins — led by Ether — are not finding much love. Read our fresh price analysis to find out more.   Goldman Sachs Gets Bullish on Bitcoin With a Price Target of $13,971 In a note to customers, Goldman Sachs gave a bullish forecast for Bitcoin's price. Shared via Twitter on Aug. 11, the note suggests a short-term target of $13,971. The target given is based on the Elliott Wave Theory, which forecasts market trends by identifying extremes in investor psychology, along with price highs and lows. Current Tether Supply Suggests Bitcoin Price Is Correcting to $20,000     New analysis of Tether market cap and historic Bitcoin price action is putting BTC closer to $20,000. Since correcting from 2019's all-time high of $13,800 and thrice failing to break above $12,500, crypto investors broke into three camps. Which exactly? Find more details in our market analysis. Ethereum Price Will Hit $1,000 Again, Survey Says as Altcoin Faith Remains According to the results of a survey administered by "An Altcoin Trader's Handbook" author Nik Patel on Aug. 10, 54% of respondents think ETH/BTC will see $1,000 once more. Having previously reached more than $1,400 per token, Ether is currently trading at just $213. IBM and Tata Become Governing Council 'Owners' of Hedera DLT Platform     Public distributed ledger Hedera Hashgraph has announced that IBM and Tata Communications have joined its governing council and described the addition of the two firms as a "powerful endorsement" of its hashgraph consensus mechanism. Bitcoin Sextortions, FedNow VS. Ripple, BCH Coinbase Lawsuit | Coffee & Crypto Molly Jane and Olivia from Cointelegraph's editorial team discuss the hottest topics of the week: U.S. Fed to launch a real-time payment and settlement system, Binance deals with a сustomer data leak, Coinbase faces negligence charges around the Bitcoin Cash launch and… Molly Jane's aunt survives a crypto scam. Quote of the day "#Tron better get on this list or on #Coinbase ASAP. We all love Tron but we also need a place for US citizens to trade #trx." TronSpark A digital online content platform Tweet it 1.5 mln people follow us on social media Download our official free app →

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