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]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 14 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 21 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 25 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 28 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... August 29, 2025
  • You need to login to comment.