Bitcoin Price Technical Analysis for 11/08/2017 – Back to Rally Mode?

Bitcoin Price Key Highlights
Bitcoin price has previously broken below a short-term rising trend line to indicate a potential selloff.
Price has bounced off the area of interest around $7000 as bulls were waiting to buy at that level.
This could spur a retest of the broken short-term support and a continuation of the drop to the longer-term rising trend line.
Bitcoin price seems to be resuming its climb from here, but it could merely be a pullback to the broken short-term support level.
Technica