It appears to be that way. The problem with the word "bottom" in economy is that you will never know if you bottomed out. You will know you did not bottomed out by prices going even lower, if something is 3100 and it goes lower to 2800 than you can say 3100 was not the bottom.

But, looking at 3100 and than not going any lower you will ask was that the bottom and will never know until it goes lower, if it doesn't its just common sense that it won't go any lower, just like we know it won't go lower than 100 dollars for example. I believe 3100 was around the place where we bottomed out but there was a lot of talks of 2800 being the bottom so I was fully expecting that to be honest, I even  sold my coins at 4200 to expect a bottom at 2800 to rebuy but it hasn't seen that.