PlanB: Bitcoin RSI above 50 for three consecutive months may
On November 1, 2026, analyst PlanB posted that Bitcoin closed October at $77,430, and the "Uptober" rally the market had been expecting did not materialize; however, RSI has remained above 50 for three consecutive months, which he views as a signal that a new bull market is forming or beginning. Both sources reported the same content.
Event timeline
- [11-01 09:51] Plan B: Bitcoin RSI above 50 for three consecutive months, may signal the start of a new bull market (Odaily 星球日报)
- [11-01 09:55] PlanB: Bitcoin RSI indicator above 50 for a third consecutive month, possibly a signal that a new bull market is beginning (PANews)
Background and impact
On November 1, 2026, crypto analyst PlanB posted a review of Bitcoin's October performance. According to two sources, Odaily 星球日报 (09:51) and PANews (09:55), Bitcoin's October closing price was $77,430, falling short of the "Uptober" (October rally) that the market had previously expected. While price action fell short of expectations, PlanB noted that Bitcoin's Relative Strength Index (RSI) has held above 50 for a third consecutive month, a signal he believes heralds a new bull market forming, and described it as a signal that a new bull market is beginning.
PlanB is the creator of the Bitcoin S2F (Stock-to-Flow) model, and his public statements have long drawn market attention. The core information from the two sources is consistent: an October closing price of $77,430, no "Uptober," RSI above 50 for 3 consecutive months, and PlanB's own judgment that a bull market is beginning. The two reports differ only in wording, for example one writes "Plan B" while the other writes "PlanB," and slight differences in phrasing such as "is forming" versus "a signal of beginning"; there is no divergence on the facts. It should be noted that both materials give only the qualitative reading of "above 50 for three consecutive months," without disclosing the specific RSI value, and without giving any further judgment from PlanB on price targets or time windows.
From an interpretive standpoint, the significance of this statement lies in the divergence between technicals and price performance: October's monthly close does not support the "Uptober" narrative, yet the monthly-level RSI reading is seen by PlanB as a relatively strong signal. For traders who follow this indicator, whether they view market data through the Huobi HTX registration app download, 芝麻Gate.io registration app download, Bitget registration app download, Binance registration app download, or OKX registration app download client, RSI is only one technical analysis tool; the materials themselves present only PlanB's side of the view, without rebuttals or verification from other analysts, so whether this signal holds still needs to be tested by subsequent price and indicator data.
Frequently asked questions
### What exactly does RSI above 50 for three consecutive months indicate?
According to the wording in the materials, this is the basis for judgment put forward by PlanB. He believes that Bitcoin's RSI holding above 50 for a third consecutive month heralds a new bull market forming, and he regards it as a signal that a bull market is beginning. The materials do not disclose the specific RSI value, nor do they provide historical backtest data.
### Has this signal been confirmed by price?
The materials show the opposite: Bitcoin closed October at $77,430, failing to achieve the "Uptober" rally the market expected. In other words, the relatively strong monthly RSI reading is inconsistent with October's actual closing performance, and the signal still awaits testing by subsequent data.
### What points should be watched going forward?
On the monthly basis used in the materials, watch whether November's closing price can change October's weak performance, and whether RSI continues to hold above 50. Neither material gives PlanB's judgment on price targets or time windows, and readers should not infer specific levels from this.