Analyst: Trump's reciprocal tariffs may create buying opportunities in the crypto market, BTC may rise to $90,000

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ODAILY
04-03
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Odaily Planet News - According to The Kobeissi Letter's analysis, shortly after Trump announced the most severe tariff measures in U.S. history, S&P 500 index futures fell by over 2%, with market value evaporating by more than $2 trillion. Driven by rumors of delayed tariffs, Bitcoin rose to around $88,000 before the news was announced. After the tariff news was released, BTC quickly gave up its gains, dropping to $82,000. BRN Chief Analyst Valentin Fournier believes that although Trump's massive tariffs almost shook all financial markets, the long-awaited clarification of U.S. trade policy created buying opportunities as uncertainty recedes. Despite recent significant volatility, uncertainty is decreasing, and institutional buying pressure is rebounding. With the synergistic effect of key catalysts, we expect Bitcoin to rebuild momentum and attempt $90,000 again in the near future. (Block)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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