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.
Technical Indicators Signals
The 100 SMA is still above the longer-term 200 SMA so