PlanB: Bitcoin Has Started to "Bottom Out," Typically Takes 1-3 Months

August 1st, Renowned analyst PlanB stated in a post that the July closing price of Bitcoin was $62,818, with the 200-week moving average corresponding to $63,000. It appears that Bitcoin has started the bottoming process. This process typically takes 1-3 months, during which BTC may fall to even lower levels.