Pressure Building - Bitcoin Could Be Poised For Volcanic Move Up!
![Screen Shot 2020-08-10 at 3.23.52 PM.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmafzdrvAeCQqToxyhB9FnpTx8VxVzjNKiUhX7RTAABYbS/Screen%20Shot%202020-08-10%20at%203.23.52%20PM.png)
The ascending triangle continues to take shape as Bitcoin fights to move beyond $12,000 USD. This is the position of the most sell pressure right now, but there are plenty of buyers supporting BTC from dropping below $10K right now.
As the triangle forms, things get squeezed more and more... the pressure builds up! With things still looking bullish and with a little luck we'll have a volcanic move upward!
![Screen Shot 2020-08-10 at 3.09.53 PM.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmbjPZjK1bBLARHa3rccypLidPcq8mCaDYV8Mp8j8gTkYy/Screen%20Shot%202020-08-10%20at%203.09.53%20PM.png)
The charts look the same as they have for the last several days. Bitcoin still looks bullish as ever with the usual indicators.
For this reason, we expect a push out of the triangle upward... possibly this week!
Keep watching the charts! 📈
Please note : this is opinion and should not be taken as financial advice.