PlanB: Bitcoin RSI indicator above 50 for the third consecutive month, possibly a signal of a new bull market beginning.

PANews, November 1 news: PlanB, the creator of the Bitcoin S2F model, posted that Bitcoin's October closing price was $77,430, and the so-called "Uptober" (October rally) did not occur. PlanB pointed out that Bitcoin's RSI indicator has been above 50 for three consecutive months, and believes this is a signal that a new bull market has begun.

Related news

11-02 03:00 UTC
Apple Earnings Preview: After Memory Price Increases, How Much Profit Can Apple Still Keep?
Apple is highly likely to deliver earnings for this quarter that are close to or slightly above expectations, but its guidance for the next quarter may not sati...
11-02 02:19 UTC
The crypto market has recovered slightly, the CeFi sector has risen modestly, and the AI sector has continued to pull back.
11-02 02:13 UTC
Analysis: Previous Bitcoin cycle bottoms all occurred shortly after U.S. midterm elections; late this year to early next year may be the bottom window.
11-02 02:00 UTC
Taking stock of the 5 major crypto tokens that truly make money in a bear market.
Income is important, but who ultimately pockets that income matters even more.
11-02 00:30 UTC
Galaxy Research Director: Bitcoin closes above its 50-week moving average for the 7th consecutive week.

Apple Earnings Preview: After Memory Price Increases, How Much Profit Can Apple Still Keep?

The crypto market has recovered slightly, the CeFi sector has risen modestly, and the AI sector has continued to pull back.

Analysis: Previous Bitcoin cycle bottoms all occurred shortly after U.S. midterm elections; late this year to early next year may be the bottom window.

Taking stock of the 5 major crypto tokens that truly make money in a bear market.

Galaxy Research Director: Bitcoin closes above its 50-week moving average for the 7th consecutive week.