BTC/USD: is this the bottom, or not?

This is a logaritmic graph of the BTC price since april 2013.

Since the all time high in december 2013, we have switched belt in the upper direction two times:
1) In january 2014 (the recoil on the dump after the pump to 1000 USD)
2) On the run in may from 400 to 600 dollars

We have also moved into a lower belt 9 times.

Is this the bottom, or will we go lower again?
Bitcoin (Cryptocurrency)BTCBTCUSD

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