Bitcoin, which started the new week positively and rose above $65,000, fell to $63,000 after the SEC sent a Wells Notice to the US-based cryptocurrency platform Robinhood.
While volatile movements in Bitcoin continue, a new post came from the famous economist Henrik Zeberg.
Stating that a correction would be healthy after BTC reached its ATH above $ 73,000 and predicting the decline, Henrik Zeberg explained the factors that will ignite the rise in Bitcoin and cryptocurrencies.
At this point, he said that low bond yields and the weakening dollar index (DXY) against foreign currencies will create a “great environment” for risk assets such as Bitcoin and cryptocurrencies and start the rise.
Apart from his Bitcoin and crypto market comments, he stated that he expected a big rally in the altcoin named JASMY.
Stating that MACD and RSI indicators point to an increase for JASMY, the famous name pointed out that 400-500% increases have been seen in JASMY in similar situations before.
“Bullish Crossover on MACD, RSI breaks downtrend
We've seen this before….. right before the 400-500% rally.
I expect this move to be BIGGER!”
JASMY continues to trade at $0.0195 at the time of writing.
Bullish Cross-over on MACD
RSI breaking downward trendWe have seen that before….. just before the 400-500% Run higher.
This time, I expect the move to be BIGGER!
All onboard? #JasmyFather 😉 pic.twitter.com/N8CExpXfYN
— Henrik Zeberg (@HenrikZeberg) May 5, 2024
*This is not investment advice.
