Goldman Sachs Jumps into Bitcoin Futures, Signals Bull Run
— Asset class offers, Bitcoin ’, Global counterparties, Views, Asset class, Goldman pioneered, Working, Howell, Traded, Investing — 1 min read
Goldman Sachs executed the first Bitcoin Futures and Options block trade in Asia. The transaction is the first-ever intermediated block trade of the CME Group Bitcoin options contracts in the Asian markets. Goldman pioneered the use of Bitcoin as collateral for offering loans to institutions in December 2021. Bitcoin price chart reveals the formation of a triangular pattern after consistent consolidation for the past eight weeks. The bullish upside target in a massive price rally is $28,604. Bitcoin price is expected to continue its uptrend. Bitcoin is trading sideways in a triangular range and expected to remain in the market for the next few days. Bitcoin-USD Price Chart reveals the bullish upside targets is $27,000. The price of Bitcoin is now expected to rise to $30,000 Source