Weakening Dollar
Economist Henrik Zeberg believes that a weaker dollar could be a major catalyst for cryptocurrencies. He argues that lower bond yields and a declining dollar index will create a favorable environment for risky assets like crypto.
JasmyCoin’s Potential
Zeberg specifically mentions JasmyCoin (JASMY) as a potential beneficiary of this trend. He believes the coin is entering a bullish phase and could see significant gains in the coming months.
Technical Analysis
Zeberg points to technical indicators such as the MACD and RSI, which suggest a potential trend reversal for JASMY. He predicts a significant rally, potentially reaching $0.3 or higher.
Bitcoin’s Outlook
Zeberg also comments on Bitcoin (BTC), stating that it could enter a “melt-up” phase once its monthly RSI hits 70. He believes Bitcoin could reach $110,000-$115,000 in the near future.
Disclaimer
This article provides information for informational purposes only and should not be considered investment advice. Investors should conduct their own research before making any investment decisions.
