Bitcoin may have entered a new bull market, as suggested by the monthly Relative Strength Index (RSI) tracked by analyst PlanB. The indicator has remained above 50 for three consecutive months, indicating a bullish dynamic according to PlanB. However, BTC ended October down 7.3% at around $77,430 and withstood the shock of the Binance hack, estimated at $6.3 billion. US spot Bitcoin ETFs recorded $643 million in net outflows on Friday, October 30, while the $80,000 to $82,000 area represents resistance and $73,000 to $75,000 acts as support.
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