Bitcoin Price Technical Analysis for 11/16/2017 – Bulls Back on their Feet?

Bitcoin Price Key Highlights
Bitcoin price is starting to trend higher once more, depending on whether or not the support on the 1-hour time frame holds.
An ascending trend line can be drawn to connect the lows over the past few days and the support lines up with the 38.2% retracement level.
A bounce off this level could take bitcoin price to the swing high or higher, but tech indicators are suggesting a continuation of the drop.
Bitcoin price appears to be reviving its uptrend on the 1-hour tim