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Bitcoin ends October at $77,430 with RSI above 50, signaling a new bull market start.

Technical Signals
01 Nov 2026, 11:43 WIB
Tokenpost
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Bullish
Bitcoin ends October at $77,430 with RSI above 50, signaling a new bull market start.

Bitcoin closed October at $77,430, maintaining its relative strength index (RSI) above 50 for the third consecutive month. Analyst PlanB interprets this sustained RSI level as the beginning of a new bull market for Bitcoin. Despite the positive momentum, October's price action did not meet the high expectations associated with the "Uptober" label, indicating some market unpredictability. This suggests cautious optimism for investors watching Bitcoin's next moves.

Bitcoin on Pluang trades at Rp1.412.852.768 as of Nov 01, 2026 17:02 WIB, showing a 0.60% gain in the last day. The platform records a strong buy interest with 77% of orders favoring purchases. Bitcoin's circulating supply is near maximum at 20.1 million out of 21 million coins.

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