Express

Guggenheim CIO: Bitcoin's Parabolic Rise Is Unsustainable In The Near Term

Mary Liu

Summary: In response to Bitcoin's nearly 20% plummet, which hasn't seen since last mid-March, Scott Minerd, Guggenheim Partners' Chief Investment Officer tweeted: “Bitcoin's parabolic rise is unsustainable in the near term.  Vulnerable to a setback. The target technical upside of $35,000 has been exceeded.  Time to take some money off the table.” As Bitpush previously reported, ...

In response to Bitcoin's nearly 20% plummet, which hasn't seen since last mid-March, Scott Minerd, Guggenheim Partners' Chief Investment Officer tweeted: “Bitcoin's parabolic rise is unsustainable in the near term.  Vulnerable to a setback. The target technical upside of $35,000 has been exceeded.  Time to take some money off the table.” As Bitpush previously reported, in December of last year, Minerd predicted that the price of Bitcoin should reach $400,000.

By Mary Liu

Last Update:

Tags: ,
Link: Guggenheim CIO: Bitcoin's Parabolic Rise Is Unsustainable In The Near Term   [Copy]
Next:

Related Articles

  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 4 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 22 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 23 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? October 22, 2025
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... October 5, 2025

    • You need to login to comment.