Bitcoin price action is making higher lows from 26th July 2021, which may be a sign of potential trend reversal. Bitcoin broke out of the descending triangle pattern and the RSI shows the uptick which indicates that a buying momentum is building up.

RSI breakout above the trendline may be a confirmation of trend reversal if the price closes above the resistance of $41,273 on the daily timeframe, whereas a breach of $29,898 level may take Bitcoin towards $20,000-25,000 levels.