Main navigation

Advertisement

Guggenheim’s Scott Minerd on Bitcoin: "$30,000 May Soon Fail"

Fri, 16/07/2021 - 18:55
Guggenheim’s Scott Minerd claims that Bitcoin's key support level may soon break
Advertisement
Guggenheim’s Scott Minerd on Bitcoin: "$30,000 May Soon Fail"
Cover image via www.youtube.com
Read U.TODAY on
Google News

In a recent tweet, Scott Minerd, chief investment officer at investment firm Guggenheim Partners, has opined that Bitcoin’s pivotal support level at around $30,000 “may soon fail.”      

He believes that it keeps becoming weaker with each new test.

Advertisement

Earlier today, Bitcoin dropped as low as $31,012 on the Bitstamp exchange, but it then managed to bounce back to the low-$32,000 region. The largest cryptocurrency is currently trading in the green.

Article image
Image by tradingview.com

You Might Also Like

Advertisement

As reported by U.Today, Minerd predicted that Bitcoin could sink to $15,000 or even $10,000 in late June.

Later, he reiterated his bearish call, claiming that Bitcoin was in the middle of “a crash.”

After its massive plunge in May and a failure to find footing above the $41,000 level in June, Bitcoin has now been range-bound for over three weeks.

Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles