Economist Henrik Zeberg suggests that a potential weakening of the dollar could have a positive impact on crypto assets, revitalizing the market. Zeberg, who has a substantial following on the social media platform X, believes that lower bond yields and a decline in the dollar index (DXY) will create an ideal environment for risk assets like cryptocurrencies. In particular, he is keeping a close eye on JasmyCoin (JASMY), a blockchain-based personal data storage project, as he predicts that it will experience significant growth in the coming months. Zeberg employs the Elliott Wave theory in his analysis, which suggests that an upward trend in an asset will undergo five distinct waves before reaching its peak. Examining JASMY’s technical indicators, Zeberg points out that the moving average convergence divergence (MACD) and the relative strength index (RSI) are showing bullish signals on the daily chart, indicating a potential trend reversal. With the current price of JASMY at $0.02 and a daily increase of over 6%, it appears to be gaining momentum. Zeberg previously predicted that Bitcoin would enter a “melt-up” phase once its monthly RSI reaches 70, and he expects its price to reach $110,000-$115,000. At present, Bitcoin is trading at $64,400 with an RSI of 68. As always, investors are advised to conduct thorough research and exercise caution when engaging in high-risk investments in the crypto market.
