There's another reason: it would be a lower high on the weekly chart and that coincide with the very action we've seen over the last weeks. July 24th especially saw large volumes and a daily of almost 80. We haven't seen such since december 16th last year.
I remain on the crypto space in general and BTC in particular. BTC is a currency and isn't controlled by central banks. It is a far better currency than e.g. the Venezuelan Bolivar and many others that are manipulated by corrupt regimes to make their cronies wealthy. While it takes time for that to sink in, sink in it does. The sooner BTC is a real option in such countries, the sooner such regimes will fall. And that's awesome. Venezuela has most oil reserves on the planet and yet is so corrupt that people have to flee and die of starvation and rampant regime-fueled crime. More people died violent deaths in Venezuela than in Iraq in 2016 this while Iraq had ISIS. (And yes they both have the same population) That's shameful. At any rate, the sooner people in such countries realize that they have a choice, the sooner the benefits of decentralized crypto currencies will become clear. I can't wait.
Good omens. Does that all amount to investment advice? Of course not.