Bitcoin daily chart alert - Bulls work to stabilize prices late this week

New York (May 14)  Bitcoin-US dollar prices are sharply higher in early U.S. trading Friday, as bulls work to stabilize the market after this week’s big sell off that saw Bitcoin hit a seven-week low Thursday, on news that Elon Musk has pivoted and said Tesla will no longer accept Bitcoin as a form of payment. The Bitcoin bulls have lost their overall near-term technical advantage as a price uptrend has recently been negated. The bulls are now just working to put a floor under the market.

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