PlanB: Bitcoin has begun to bottom, which usually takes 1-3 months

On August 1, well-known analyst PlanB issued a document stating that Bitcoin's closing price in July was US$62,818, and the 200-week moving average corresponded to US$63,000. It seems that Bitcoin has begun the bottom-building process. This process usually takes 1-3 months, during which time BTC may fall to lower levels.