Crypto analyst Plan B said Bitcoin closed October at $77,430, falling short of the market’s hoped-for "Uptober" rally. Even so, he highlighted a technical signal that he sees as more important: Bitcoin’s Relative Strength Index, or RSI, has stayed above 50 for a third consecutive month. In his view, that pattern suggests a new bull market is taking shape. The comment was reported by Odaily in a short market update. No additional price targets, timing estimates, or supporting indicators were provided in the source. The statement focused on two points only: October’s closing price and the three-month RSI reading above the 50 threshold.
Crypto analyst Plan B said Bitcoin closed October at $77,430, missing the "Uptober" move that many in the market had expected.
Still, Plan B said Bitcoin’s Relative Strength Index (RSI) has remained above 50 for a third straight month. He said that signal may indicate a new bull market is forming.
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