- Renowned economist Henrik Zeberg has highlighted factors that could trigger a surge in Bitcoin and other cryptocurrencies, and predicts a rally in the altcoin named JASMY.
- Bitcoin, which started the new week positively and rose above $65,000, fell back to the levels of $63,000 following the SEC’s Wells Notice to the US-based cryptocurrency platform Robinhood.
- Zeberg, who predicted the recent dip and suggested that a correction would be healthy after BTC reached its ATH above $73,000, has now outlined the factors that could ignite a rise in Bitcoin and other cryptocurrencies.
Renowned economist Henrik Zeberg predicts a surge in Bitcoin and other cryptocurrencies, spurred by factors such as low bond yields and a weakening dollar index. He also anticipates a rally in the altcoin JASMY.
Factors That Could Trigger a Crypto Surge
Zeberg suggests that low bond yields and a weakening dollar index (DXY) against foreign currencies could create a “great environment” for risk assets like Bitcoin and other cryptocurrencies, triggering a rise. He also mentioned his expectation of a significant rally in the altcoin named JASMY.
Zeberg’s Predictions for JASMY
Zeberg pointed out that the MACD and RSI indicators signal a rise for JASMY. He drew attention to previous instances where similar situations led to increases of 400-500%. He tweeted, “Bullish Cross-over on MACD, RSI breaking downward trend. We have seen that before….. just before the 400-500% Run higher. This time, I expect the move to be BIGGER!” At the time of writing, JASMY continues to trade at $0.0195.
Conclusion
As Bitcoin and other cryptocurrencies continue to exhibit volatile movements, insights from experts like Zeberg can provide valuable perspectives for investors. While his predictions are not investment advice, they offer a glimpse into potential market trends and factors that could influence the crypto market. As always, investors should do their own research and consider multiple sources of information before making investment decisions.
