Bitcoin's next target is $10650

BTC reached a new high, with the head and shoulders pattern no longer relevant. The new target may be as far as the pattern width is, i.e. $10,650.

Both XRP and ETH are ready to break out their rangebound patterns too, currently just lacking a resistance breakout in order to continue rising.

LTC is testing its highs, leaving its triangle pattern on H1. EOS is the only loser for now, where the price is reversing down; still, the pull back has not started yet, and one should wait for a confirmation before going short.

BTC is going heavily up, making head and shoulders irrelevant once more. The price has broken out the upper triangle boundary, with the next target lying at $10,105.

Moreover, the bottom Bollinger band got tested and the price bounced up, which means the uptrend in question is quite strong.

Most likely, BTC will correct to hit the upper triangle boundary at $8,940 and then go up, probably breaking out the resistance at $10,105.

Conversely, it may also hit the lower ascending channel boundary and close below $7,360, falling then as low as $5,795.

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