Jul 1, 2020 Forex News
Bitcoin trading in the area of $9200, low trading volumes and record weak volatility threaten the further rise in the price of Bitcoin. Price fluctuations become minimal, so traders are not ready to open orders in any direction. Analysts predict an active sale of Bitcoin in the coming weeks, which could lower the price of Bitcoin to the $8500 area.
Analysts suggest that the bearish correction of Bitcoin could expand to $8500 or even lower. Price highs are getting lower, showing a downtrend on the daily chart. As shown in the graph above, each of the local Bitcoin rollback levels showed the inability of traders to enter money into the market. This provoked a bullish conflict in the market.
A decrease in the price of Bitcoin below $8200 may provoke a further decrease in the price of Bitcoin to the area of $7000. If Bitcoin can hold above $8500, it will be able to return to the $10000 area.
An analyst from Brave New Coin, Josh Olshevich, demonstrated the weakening of the bullish momentum using the Cloud Ichimoku indicator.
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