MATIC, Terra & Bitcoin – American Wrap 13 July

Bitcoin price is still very bullish according to macro technicals. A modest $80,000 target is still in the cards for the future, but defining a market bottom remains the true challenge. MicroStrategy CEO Michael Saylor stands by a similar bullish bias. 

Terra’s LUNA price hits target 1, should the bears hold or reverse?

Terra’s LUNA price could continue falling, but at the current time, placing an entry is ill-advised. It was mentioned in last week’s bearish thesis that the LUNA price was setting up for a 1-1 trade setup targeting the June 18 swing lows at $1.61. The prophesized 30% decline from $2.17 took place shortly after the thesis was posted and was fully actualized on July 12 as the bears forged a new low at $1.48.

Polygon’s Matic seeing a battlefield at a technical moving indicator

A brief technical and on-chain analysis on Polygon price. Here, FXStreet’s analysts evaluate where MATIC could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.


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