The bottom could be reached. Support at channel bottom, momentum low doesn't confirm price low, and RSI turned to oversold territory. Let it test the channel bottom 1 more time and wait for a reversal candle.
Comment:
On the daily chart BTC still has severe momentum divergences. That leads to the assumption that the current pullback to the 20 day SMA was not sufficient to take the pressure out. The natural response would be to test the next lower SMA like 50 day at 10600 or the upper bollinger band at 13300.