Feb 28, 2020 Forex News
Despite a slight recovery, Bitcoin (BTC) is still at risk. On the Bitstamp Bitcoin grew to $8613 after lowering to $8525.
However, at the time of publication Bitcoin again moved to the red zone. If the decline continues, then the next support will come at the level of $8300.
According to some traders, if Bitcoin drops below $8300, there is a high probability of a transition to a full-scale decline and even the return of the so-called “crypto winter”, since the first cryptocurrency will pull most altcoins down after it.
Since the beginning of January, the cryptocurrency market has added about 32%, however, as the negative trend continues, all its gains can quickly be reset.
Many experts pay attention to the fact that if Bitcoin makes a jump, then it can not stay on its won positions for a long time. Moreover, the cryptocurrency rollback in most cases is painful with the loss of not only recently won positions but also the fundamental values from where the rally began.
According to an analyst BTC should hold above $8200. When testing this minimum, the support will increase.
In order to resume growth, Bitcoin should become an uncorrelated asset, roughly speaking, “separate from the crowd” and not depend on the dynamics of the stock market.
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