Global Broker Regulation Inquiry App

About WikiFX

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

اردو

Download

WikiFX Express

Dollar gains ground after Powell comments

1.57 Million Addresses Purchase 760K BTC As Traders Eye Massive Rally For BTC

WikiFX

| 2022-03-22

Abstract：Investors are still optimistic about an incoming rally for the world’s largest cryptocurrency by market capitalization

Investors are still optimistic about an incoming rally for the worlds largest cryptocurrency by market capitalization, Bitcoin (BTC), as they continue to take reasonable positions by accumulating the digital currency.

Fresh data from IntoTheBlock suggests a massive accumulation spree of Bitcoin by investors between the price levels of $40,900 and $42,100.

According to the data, 1.57 million Bitcoin addresses have purchased a combined 760,000 BTC between $40,900 and $42,100. Famous cryptocurrency trader and analyst Ali Martinez shared the development on Twitter.

“Bitcoin IOMAP reveals that 1.57M addresses had previously purchased nearly 760K BTC between $40.9K and $42.1K,” @ali_charts tweeted earlier today.

Can Bitcoin Surge Above $46,500？

Based on the recent accumulation of Bitcoin between $40,900 and $42,100, the famous cryptocurrency trader believes that a decisive daily candle could see Bitcoin rally above $45,000 and move closer to its next barrier of $46,500.

“Only a decisive daily candlestick close above this hurdle can give BTC the strength to march towards the next critical barrier at $46,500,” Martinez added.

Interestingly, if Bitcoin breaks the $46,500 barrier and goes beyond $47,000, the move would see the popular cryptocurrency sit above all four Simple Moving Average (SMA), including 20W SMA, 50W SMA, 100W SMA, and 200W SMA, Glassnode data suggests.

BTC daily timeframe shows that higher highs establishing, resistance at $42.6k, while support at $40,200, if price can move above $42.6k, then there is a probability we continue to the upside towards $46,500.

BTC Massive Rally Amid Growing Adoption

Over the last 24 hours, Bitcoin recorded slight gains for investors, as it traded above $43,000 for the first time in three weeks.

The worlds largest cryptocurrency, up 3.1% in the last 24 hours, has seen its value plunge below $38,000 in the previous three weeks.

Interestingly, Bitcoin has been trading above $40,000 since March 16, 2022, as users adoption of the cryptocurrency continues to gain momentum.

Earlier this month, 1.36 million addresses accumulated 750,000 Bitcoin, as traders continued to show trust in BTC.

At the time of writing, Bitcoin is trading around at $42,235 across major cryptocurrency exchanges, including Binance and KuCoin.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Market capitalization knowledge

Dollar gains ground after Powell comments

India Q1 FY27 GDP Growth Hits 7.8%: 3 Scenarios for INR and Gold

India's Q1 FY27 GDP grew 7.8%, beating a 7.4% poll and RBI's 7.0% projection. See three conditional scenarios for INR, rates and gold.

Original 09-01

Forex Liquidity Provider in 2026: Why the Tightest Spread is Not Always the Best Execution Decision

Choosing a forex liquidity provider is not a search for the lowest displayed spread or the longest provider list. It is a broker decision about pricing integrity, depth, routing, credit, reporting, incident response, and client communication. This 2026 guide explains how a forex LP, FX liquidity provider, or liquidity provider forex arrangement fits into a broker’s execution chain; what to test before onboarding; why a “best forex liquidity provider” claim cannot replace due diligence; and how to compare cost beyond commission. Use the execution-quality scorecard, provider questions, routing scenarios, and 90-day onboarding plan to assess whether a liquidity relationship can support your actual client mix, instruments, risk model, and jurisdiction. The goal is not to make a universal ranking. It is to build evidence that your broker can explain, supervise, reconcile, and recover its execution service when market conditions are difficult.

Original 08-13

Copy Trading Gone Wrong? The Mistakes That Could Wipe Out Your Entire Trading Account

We all love trading geniuses and their strategies that earn them profits season after season. And we also love following them to make our investment journey seamless. Copy trading is one such tactic that beginners employ to enter the forex market. What do most of them usually do? They pick an experienced investor from the list and let the platform replicate every trade automatically. The fact that experienced traders continually earn profits, the feeling of copying their trades remains intense. However, the uncertain forex landscape can bite you hard by simply copying trades and not focusing on technical analysis and the charts during the day. Beginners can have a set of preconceived notions that can potentially open the gate for losses. In this article, we have highlighted such mistakes traders should avoid.

Original 07-03

"Let Trust Be Seen" WikiFX Industry Initiative Recap, Driving the forex industry toward a more trust

As the global forex market continues to move toward regulatory convergence and greater transparency, “trust,” a concept long and frequently emphasized, is gradually evolving from a subjective perception into a quantifiable and verifiable industry standard. WikiFX announces that its industry initiative, “Let Trust Be Seen,” has achieved phased results, attracting broad attention and participation worldwide.

Original 04-10