Tag Archives: burst

Ethereum Price Technical Analysis – ETH/USD Burst Above $800

Key Highlights ETH price made a nice upside move and broke the $800 resistance against the US Dollar. There was a break above yesterday’s pointed contracting triangle with resistance at $725 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is heading higher and it might continue to move higher towards the […]

Bitcoin may not make sense, but its bubble is not about to burst just yet

OK, we can all see it: bitcoin looks a lot like a bubble. It stinks of irrational exuberance: it is incredibly volatile, and not only does its price continue to increase, but it is doing so at ever accelerating rates. It took 1789 days for bitcoin to go from nothing to $US1000. Then 1271 days to […]

Bitcoin $10,000 price: Is it achievable or will the bubble burst? | City & Business | Finance

The cryptocurrency saw an unprecedented spike on the markets after Chicago-based CME approved the token for its futures market last week. But the initial buzz has died down somewhat, leaving bitcoin to open today at £5305.64 ($6,958.21), according to CoinDesk. The surge from around £4,956 ($6,500) to £5718.75 ($7,500), gave traders hope that bitcoin was […]

BITCOIN to burst through £6,000 value, says Goldman Sachs  | City & Business | Finance

The seemingly meteoric rise of the online currency is set to carry on unabated, even though it climbed an eye watering 690 per cent since January this year – from £685 a coin to £5,408 on Tuesday afternoon. In a research note published on Sunday night, Sheba Jafari, vice president on the bank’s FICC Market […]

Bitcoin’s price bubble will burst under government pressure | Kenneth Rogoff | Technology

Is the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse. If you haven’t been following the bitcoin story, its price […]

Is the Ethereum bubble about to burst?

Ethereum (or more specifically the unit of currency associated with it — Ether), has seen immense growth so far in 2017. Of course, with any meteoric gains in crypto, it’s never long before the term “bubble” starts getting thrown around. Many within the industry have raised concerns about the rapidly escalating value of the digital […]

Is the bitcoin bubble about to burst?

There’s a cartoon currently popping up in the inboxes of Mayfair’s bitcoin-obsessed hedge fund managers. It’s titled ‘how to be an analyst’ and the hedgies are poking fun at their financier ‘inferiors’. When the digital currency rises in value, the analyst declares it a ‘bubble headed for a crash’. When it falls, it’s ‘bitcoin’s dead!’ […]

Bitcoin price bubble: Is cryptocurrency about to crash and burst? | City & Business | Finance

JP Morgan boss Jamie Dimon this week savaged bitcoin as a fraud, and said he would fire any trader at the investment bank found trading the digital currency. Bitcoin’s price has gone from around $600 in September 2016 to $4,900 at the end of August. But in recent weeks the cryptocurreny has suffered heavy sell-offs […]

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