Analyst: Trump's reciprocal tariffs may create buying opportunities in the crypto market, BTC could rise to $90,000
The Kobeissi Letter analysis states that shortly after Trump announced the most severe tariff measures in U.S. history, the S&P 500 futures fell by more than 2%, evaporating over $2 trillion in market value. Driven by rumors of delayed tariffs, Bitcoin rose to about $88,000 before the announcement. After the tariff news was released, BTC quickly gave back its gains and fell to $82,000. BRN Chief Analyst Valentin Fournier believes that despite Trump's massive tariffs shaking almost all financial markets, the much-anticipated clarification of U.S. trade policy has created buying opportunities as uncertainty is fading away. Despite recent volatility, uncertainty is decreasing and institutional buying pressure is rebounding. With the synergistic effect of key catalysts, we expect Bitcoin to regain momentum and attempt $90,000 again in the near future.(The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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