Cryptocurrency

JasmyCoin

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-investors-brace-for-key-data" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Investors Brace for Key Data</a><br></p>
<p style="text-align: justify">Cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> are gearing up for a week filled with crucial macroeconomic indicators. The Personal Consumption Expenditures (PCE) <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>, set to be released on Friday, will provide insights into the Federal Reserve’s ongoing battle against inflation. Additionally, the Gross Domestic Product (GDP) data will reveal whether the Fed’s aggressive tightening measures are effectively curbing inflation. These developments promise an eventful week for the crypto market.</p>
<h2 id="what-will-happen-to-cryptocurrencies">What Will Happen to Cryptocurrencies?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/microstrategys-michael-saylor-plans-to-sell-216-million-in-company-shares-for-bitcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) recently attempted to breach the $72,000 mark, rebounding swiftly from last month’s decline. Investors remain cautious due to the potential sell-the-news event surrounding the ETH ETF listing. Furthermore, significant ETH sell-offs, analogous to the GBTC sell-offs in January, could cause market disruptions. The outcomes of the GDP and PCE reports will be pivotal, as poor results could trigger a fresh selling wave, particularly around the $58,000 level. Current BTC fluctuations around $63,000, combined with extensive altcoin sell-offs, could yield dramatic consequences.</p>
<h2 id="jasmycoin-jasmy-price-prediction">JasmyCoin (JASMY) Price Prediction</h2>
<p style="text-align: justify">JasmyCoin (JASMY) demonstrated resilience by bouncing back from the 50-day Simple Moving Average (SMA) at $0.03 on June 21, indicating strong demand at lower levels. The flattening of the 20-day Exponential Moving Average (EMA) and a neutral Relative Strength Index (RSI) suggest a potential return to $0.04 if resistance is breached. However, BTC’s influence on the market remains a critical factor.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Before diving into the result section, here are some concrete inferences for investors:</p>
<ul>
 <li>Monitoring the PCE and GDP data releases is crucial for anticipating market movements.</li>
 <li>Be cautious of potential sell-the-news events surrounding major ETF listings.</li>
 <li>Watch BTC’s behavior around key support and resistance levels for broader market cues.</li>
 <li>Consider the impact of macroeconomic factors on altcoin volatility.</li>
 <li>Evaluate JasmyCoin’s price action around critical SMA and EMA levels for potential trading opportunities.</li>
</ul>
<p style="text-align: justify">Especially with the anticipated spike in volatility next week, the possibility of further declines in altcoins cannot be overlooked. Even with downward wicks, prices could fluctuate to levels unseen in months. Notably, while Michael Saylor has been buying BTC, Germany is offloading it, and despite the U.S. easing crypto regulations ahead of elections, investor risk appetite has diminished.</p>
<p style="text-align: justify">JasmyCoin could face continued declines to $0.02 if it closes below the 50-day SMA. Short-term rallies might confront resistance between the 50-SMA and the downtrend line, suggesting cautious trading in the days ahead. Investors should remain vigilant and adjust their strategies according to these pivotal developments.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-investors-brace-for-key-data" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Investors Brace for Key Data</a></h5>

Crypto Investors Brace for Key Data

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