Bitcoin has factored in a modest price drop of 0.34% and is trading at the margin between the $82K and $83K level.
Prominent personalities believe that the recent tariffs implemented by the US could benefit Bitcoin in the long run by weakening fiat currencies.
Bitcoin's short-term holder realization price suggests that the cryptocurrency is getting ready to resume its bull run.
Technical indicators for Bitcoin show positive sentiment, with its MACD line above the signal line and RSI value inching closer to a neutral market sentiment.