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Guggenheim CIO Predicts That Bitcoin Will Soon Drop Below $30K

Mary Liu

Summary: Scott Minerd, the chief investment officer of investment company Guggenheim Partners, predicted on Twitter that BTC will soon lose $30,000 support.  "A technician's rule to remember with Bitcoin: "Every time a support level is tested it becomes weaker." That would mean support for $30,000 may soon fail," he said. In late June, Minerd predicted that ...

Scott Minerd, the chief investment officer of investment company Guggenheim Partners, predicted on Twitter that BTC will soon lose $30,000 support. 

"A technician's rule to remember with Bitcoin: "Every time a support level is tested it becomes weaker." That would mean support for $30,000 may soon fail," he said.

In late June, Minerd predicted that Bitcoin might fall to $15K or even $10K.

By Mary Liu

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