Between 19th and 31st of July a bearish M-pattern was created, followed by massive drop. In the recent days we see a bullish W-pattern building and once it is finished the probability for a long entry is high, with a profit target at 72K. Additionally BTC is building the pattern after the RSI has already broken the 14 days SMA. An additional RSI-divergence with the double bottoms of the W-pattern would be nice though.