Bitcoin is following a similar Wyckoff reaccumulation pattern to the previous 82 day range it held from beginning May to near end July. This time it's doing it over a more compressed time frame, circa 40 days. Likely trade sideways until 4th/5th September before heading higher.
If you shut out the noise of a blow off top in 2019 and COVID-19 2020, you can clearly see the price action and most likely direction of the long term trend.