There was a first breakout on july 3rd, leading to the price of ~$2640 on bistamp.
Since then, price stayed in the $2500 / $2600 area, whenever it tried to escape that box, it got back in really quickly.
In the next few hours I believe bitcoin is going to break out one way or another. I believe it's most likely to go up because the up trend showed more strengh overall, and the downtrend is just one week old, so it's kind of easy to break.