[PlanB: Bitcoin Has Begun 'Bottoming Out,' Typically Takes 1-3 Months] BlockBeats News, August 1, renowned analyst PlanB stated that Bitcoin's closing price in July was $62,818, with the 200-week moving average at $63,000. It appears that Bitcoin has started the bottoming-out process. This process typically takes 1-3 months, during which BTC may drop to lower levels. [Original Link]