OP asked during $7,400 so it's now a good answer to see the price of bitcoin now I guess.
That can be the assumed bottom for this month but still we can't celebrate too early. The price now marks at $7,600 and it's still fluctuating down to $7,500.
Yeah, we really do not have much to celebrate yet and I will only celebrate even a little if we break out from the upper line formed by the wedge pattern around $8600 - $8800 as that would show we still have the chance to go test the $10k mark and possibly we may break it or not. Nothing is guaranteed yet, the market is still filled up with fear and uncertainty when taking a look at the charts, and all we have now is to wait and see how things will be playing out pretty soon.