Retest of 340-360 by October-November Forming a W double bottom Bull market will only then kick-in properly Bitcoin going to the 300s (266 could be possible depending on volatility and panic) would be better so that fresh and new traders come on board.
I disagree. 90% of Bitcoin investors are amateurs not Wall Street traders. When the amateurs see the price dropping and dropping they won't buy "cheap" - they simply won't buy. And the media is going to love it when the Bitcoin price sinks. It will be a proof for them that "Bitcoin is a scam", "I told you so". When that happens even more people will sell Bitcoin.
The only thing which may push us upwards is the approval of a Bitcoin ETF which could get Wall Street interested to buy Bitcoin.