Bitcoin Price Technical Analysis for 11/09/2017 – Pop Higher on Hard Fork Suspension

Bitcoin Price Key Highlights

  • Bitcoin price enjoyed additional volatility on news that the hard fork will be suspended.
  • Price popped up to new highs at $7900 before quickly retreating.
  • The ascending channel marked earlier is still intact, which means that bullish momentum is still present.

Bitcoin price popped higher on reports that the network update will be suspended but settled back inside its ascending channel.

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Sarah Jenn

Sarah has been involved in the cryptocurrency space since the very beginning. Having stumbled across well hidden discussions in early forums she immersed herself in the industry, and is now a leading author and consultant for a range of bitcoin companies. She loves DASH and mathematics.
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Source: Newsbtc