Pressure Building - Bitcoin Could Be Poised For Volcanic Move Up!
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!
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.