PlanB: Bitcoin closed October at $77,430, RSI above 50 for three consecutive months, possibly signaling the start of a new bull market

According to TechFlow, on November 1, Bitcoin analyst PlanB posted on X that Bitcoin closed October at $77,430, failing to deliver the market's expected "Uptober" (October rally).

However, PlanB noted that Bitcoin's relative strength index (RSI) has remained above 50 for a third consecutive month, indicating sustained improvement in market momentum. He believes this technical indicator may signal the formation of a new Bitcoin bull market.

Source: TechFlow