Bitcoin closed October at $77,430, with its RSI above 50 for a third consecutive month.
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According to ChainCatcher, renowned analyst PlanB stated that Bitcoin closed at $77,430 in October, unfortunately failing to materialize as expected into an "Uptober." However, Bitcoin's RSI (Relative Strength Index) has remained above 50 for the third consecutive month, signaling the start of a new bull market.