GS: The bitcoin can make some more swings before reaching a new record

Investors and analysts are under pressure in connection with the forthcoming decision on 1st of August, whether we will see a split in the bitcoin and the currency will be divided into two parts.
This led to increased volatility in crypto currency, which, after registering a serious rebound in value on Monday, again declined. This time, however, the decline was far lower - 4.7% to $ 2,623.
According to Sheba Jafari, a Goldman Sachs technical analyst, the bitcoin may need a few more swings before its upward trend continues.
If the bitcoin is not able to break through its 13th June peak at a level of $ 3,000, it can be assumed that we are witnessing a triangle, the five waves on which to carry a bitcoin to the bottom of $ 1,786, according to Jaffari.
Up to now, Jaffari is quite constant in her analysis. At the beginning of July, the analyst predicted a depreciation of the bitcoin to levels below $ 1,857. A few weeks later, the expert warned we could see a test again at the $ 3,000 peak.
Since the beginning of the year, the bitcoin has risen by 166%.