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Bitcoin closed October at $77,430, while its monthly relative strength index, or RSI, remained above 50 for a third consecutive month, Cointelegraph reported. RSI is a technical indicator that measures the relative strength of price gains and declines, and a reading above 50 is generally seen as signaling stronger bullish momentum. Cointelegraph highlighted the indicator’s continued strength and raised the possibility that Bitcoin could be entering a new bull market.