I don't see it that way at all.

Prices ranged (at the bottom of the cup) for nearly a year between ~200 and ~300 (how do you get a V-bottom pattern out of that? -- that's majorly, majorly stretching it). Another really nice feature of Bitcoin's price performance, regarding this pattern, is the near mirrored rise, compared to it's initial decline off of the 2013 high. It nearly makes a perfect semi-circle.