Whilst BTC is continuing its volatile run, Business Insider reported that Sheba Jafari, leader of Goldman Sachs technical analysis team has made a prediction, concluding that BTC could fall below the February low of $5.922. Jafari and his team back the conclusion with a possible break of the short-term support at $9.210. She went in detail, saying a stabilization may occur if BTC price could reach back through $9.322 (the Feb 26th low). In case it doesn’t, price could plummet down to $ 7.667- $7.198. According to Jafari, this would result in a structural damage, with a new low of below $5.922.

Jafari is not new to making bearish predictions BTC. Back in July 2017 she suggested that the price of the digital currency would hit $4.000 before the end of the year. Later in November when BTC was already up at $7.000 she implied that BTC was going to consolidate at $8.000 before going higher up. Those predictions clearly were not that accurate, and we sincerely wouldn’t want to see her new one fulfill either. But let’s keep an open eye, as Goldman Sachs news might move the market, it is just not sure which way.

BTC currently is in a 50% loss since its highs reached in mid-December. Nevertheless, it is still up about 650% over the last 12 months. While BTC managed to recover some of the value it lost in the beginning of the new year, several factors are in play against a new ATH for the first half of 2018. Governments keep announcing their wishes for regulations, exchanges facing malicious attacks, SEC issuing statements about potentially unlawful online platforms and mysterious Mt. Gox bankruptcy trustee dumping a $400 million worth BTC and Bitcoin Cash is certainly not helping the fast recovery, but for latecomers this could mean a good entry opportunity.