I can't say for sure that BTC has bottomed although it does feel like it has to me. I will go out on a limb here and say that I believe BTC is now in a consolidation phase and has been since it set the low on June 24th.
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As I said I am not sure what BTC will do from here but my feeling is that we could stay in the consolidation phase for a while yet, trading in a range from around $6000 up to 7500 or even $8000. Looking at the right now there are a couple things that I like. I like how the lower is still being respected (at least so far) and I like how the 100 has started to curve upward slightly toward the 200 that is still trending downward. The spread between them is the closest since they crossed back on April 15th. As long as the bottom does not fall out, they should continue to creep closer to each other. At that point a nice sustained push higher by BTC could potentially get the 100 back above the 200 which would be very . In my opinion besides BTC breaking out above the long-term downtrend , getting back above and staying above the daily 200 is a critical milestone that BTC has to accomplish before the next bull market can begin. I feel like the days and weeks ahead are going to be a very critical time for BTC and although I feel pretty confident that BTC has bottomed I also realize that anything is possible and as such BTC could still at some point take out the 2018 low and head much lower.