Bitcoin price has climbed back to $88,500 after a drop to $78,000 in March due to economic uncertainties and rising gold prices.
Blockchain analytics firm Santiment warns of excessive bullish sentiment on social media leading to a market correction.
Bitcoin is gaining recognition as a strategic asset, with more U.S. states embracing it as a treasury asset and institutional investors showing interest through ETFs.
The impact of President Trump's Global Reciprocal Tariffs, set to take effect on April 2nd, could create uncertainty in financial markets, with potential positive or negative effects on Bitcoin.