Bitcoin, ApeCoin and Terra – European Wrap 17 June

Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.

ApeCoin price is trying to recover after a brutal sell-off below its listing price. This bounce could be key in pushing APE higher along with the many other altcoins that are in recovery mode.

 

APE/USDT 1-day chart

Terra (LUNA) price action is starting to reveal its next playbook move and it could not be more clear-cut with the formation of a bearish triangle pattern. Expect to see pressure mounting further on the base, triggering a possible break to the downside. Given global headwinds are not set to fade anytime soon, expect to see further drops in price action towards possibly just a few cents from the initial offering price.

LUNA/USD daily chart