Bitcoin daily chart alert - Bulls work to stabilize market Tuesday

May 12, 2020

New York (May 12)  Bitcoin-U.S. dollar prices are near steady Tuesday morning and appear to have stabilized the market following a sharp downside correction the past few days, after hitting a 2.5-month high last week. A price uptrend is still in place on the daily chart and bulls have the overall near-term technical advantage. The bulls do need to step up and show fresh power very soon to keep the uptrend alive.


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