BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The daily chart shows 3 consolidation zones. The first lasted 37 days, the second - 17. The current, third, lasts 11 days. There are two ways for the progress. The first - the rate remains in this zone for another 4-5 days, the second option - based on historical data - remains in the consolidation zone until the middle of October.
Yesterday's decline in the rate strengthened the support level of 6250. There was a sharp increase in the number of buy orders in this area.
The hour chart shows that the angle of the upward trend, which began on September 9, is approaching the angle of the trend from June 29. This strengthens the summer trend on the one hand, on the other hand - it increases the probability of its breakdown to the level of 6180-6200. This drift is clearly visible in the previous consolidation zone.
There are big buy orders appeared in the DOM.
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