BTC rally incoming? Look out for August 1st

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This downward trendline (purple) if broken seems like it could trigger a rally for BTC . The RSI is crossing on the daily so it could break in the next few days. Trendline crosses a low of around 5500
this two trendline cross on August 1st.. If it doesn't break in that time, I can see a downward trend continuing.
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