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PlanB: Bitcoin has started the bottoming process, typically lasting 1 to 3 months.

2026.08.01 - 10:56

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TechFlow reports, August 01, well-known analyst PlanB stated in a post that Bitcoin's July closing price was $62,818, basically close to the approximately $63,000 level corresponding to the 200-week moving average.

PlanB believes that Bitcoin appears to have initiated a bottoming process. According to historical experience, this phase typically lasts 1 to 3 months, during which the Bitcoin price may still fall further to lower levels.

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