Analyst: A 25% pullback in a bull market cycle is common, will continue to maintain a bullish stance
BRN analyst Valentin Fournier stated, "Trump's announcement of a possible 25% tariff on European goods has once again sparked investor concerns, causing the cryptocurrency fear and greed index to drop to 10, in the extreme fear zone. Although some people are worried about the start of a bear market, history shows that a 25% pullback is common during bull market cycles. The US's efforts to establish national cryptocurrency reserves remain a major long-term catalyst, maintaining a bullish stance on savings and expecting the market to rebound before the end of this week, remaining neutral towards BTC and ETH."
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.
You may also like
Barrick’s Marquee gold project faces hazy study timing
Japanese and South Korean stock markets open

Marvell Technology (MRVL.US) $115 billion "merger of the century" faces lukewarm reception! Stock has dropped over 40%, experts estimate only a 50% chance of completion
Marvell plans to acquire Lamington for 115 billions USD to strengthen its position in AI, but the probability of completion is only 50%. The two stocks have dropped by nearly 40% and about 35% respectively, with Chinese regulatory approval being the biggest uncertainty.