BTC on its way toward the bottom of this cycle. Bitcoin / US DollarCOINBASE:BTCUSDbusyj0rdyI first marked this a few months back and so far the trajectory is unchanged. Now that we finally saw the breakdown from the rising channel that formed this continuation pattern is at play, the next target is finding the bottom. My TP1 remains with the highest likelihood of being tested soon. TP2 is only a possibility, not yet a probability. Once we see how the PA evolves around TP1, then we will have data enough to confirm if TP2 is realistic. My projection for a bottom around early October reamins valid, but that's based on past performance, so it is not the most solid basis, it could be moved ahead. Will update in the followup.