Jun 11, 2019 Forex News
The unstable position of the Bitcoin provokes the forecasts of the descending Bitcoin’s price.
Some of the analysts compared the descending of the coin rate with the situation at the end of 2018. Then BTC really showed the biggest drop, approaching $3000.
The loss of BTC, which we observe in June, signals a more significant weakening of cryptocurrency in the near future.
One analyst with the nick “CryptoFobinacci” doubts that Bitcoin will be able to overcome the $8,000 milestone. In his opinion, on the contrary, we will soon see a substantial pullback of the coin, which fell to $7,800 on June 11.
In any case, the rollback is necessary after an aggressive rally in April and May. During the period of the bear trend domination, traders take profit and study new investment options in digital assets.
The analyst posted a post in a social network, in which he called on market players for patience since very soon we will see a more substantial rollback of the coin. “CryptoFobinacci” predicts Bitcoin to fall to $6,800, but a more significant drop is still unlikely. Most likely, the coin briefly drops and locks at $7,400 after the resumption of growth.
The trader “CryptoBirb” is more pessimistic. He predicts a fall in Bitcoin prices to $5200-5600. The situation can only be corrected by scaling the BTC network by integrating new solutions that positively affect its performance.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News