Cryptocurrencies Price Prediction: Bitcoin, Terra & SafeMoon — Asian Wrap 06 June
This Bitcoin fractal clarifies why a crash to $20,000 is inevitable
Bitcoin price is showing a bear flag fractal form on a lower timeframe, forecasting a 30% crash. A breakdown of the $30,000 psychological level from a weekly time frame would further help the bears’ case. The macro bearish outlook could face invalidation if BTC produces a higher high above $52,000.
Terra’s LUNA 2.0 price plummets below $5; here’s where it’s going next
Terra's LUNA 2.0 price has dipped below $5, crashing by more than 60% over the past week. The Layer 1 token reached a low of $4.50 and it is hovering around $4.80 at the time of writing. Further selling pressure could send LUNA 2.0 price to retest May 28's low at $3.50.
SafeMoon price on track to trigger its next money-doubling rally
Safemoon price has been in a correction mode for more than a week and is approaching a reversal zone. While this downswing will alleviate the sell-side pressure, it will also allow sidelined buyers to jump in and trigger another leg-up.
Author
FXStreet Team
FXStreet
Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
