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Bitcoin (BTC/USD) Marks New High as Segwit2X Fork Scrapped

There was much uncertainty heading into the Segwit2x hard fork that was slated for Nov. 14. However, there were not enough support and with the fork just a week ahead, the developers canceled the plan.

Meanwhile, bitcoin rallied against the USD. 

BTCUSD

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The new high quickly faded, but the overall picture remains bullish.

8000 seems inevitable, with 10,000 USD as the next key milestone. 

Cryptocurrency vs. Previous Forms of Money

Litecoin/Bitcoin (LTC/BTC) on a Bullish Breakout