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

on November 1, Bitcoin analyst PlanB posted on the X platform that Bitcoin closed October at $77,430, failing to achieve the market-expected "Uptober" (October rally).

However, PlanB noted that Bitcoin's Relative Strength Index (RSI) has remained above 50 for three consecutive months, indicating sustained improvement in market momentum. He believes this technical indicator may signal the formation of a new Bitcoin bull market.