Henrik Zeberg, an analyst at crypto-focused asset management company Swissblock, listed two important factors that will drive cryptocurrencies up on his X account.

Stating that the decline in the dollar index, also known as DXY, and bond yields will create an “extraordinary opportunity” for cryptocurrencies, Zeberg said:

“Considering that we are in the bull season of risky assets, I think the declines in DXY and bond yields will create an extraordinary opportunity for cryptocurrencies in the last part of this bull period. I see JASMY approaching the third ‘W’ move. In the last period of the summer months, when the DXY returns again, it will make one last bullish move”

Zeberg also stated that there have been 400-500% rises in JASMY in similar situations before, but he expects an even higher output, “I expect a bigger rise,” he said.

The economist said he thinks the peak in crypto markets will come in August or September.