Bitcoin Drops Below $83K as Recovery Momentum Slows

In Brief:

BTC dipped below $83,000 after peaking earlier in the day.

24-hour gains narrowed to 3.2%, per OKX data.

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Bitcoin's recent price rebound appears to be losing steam. As of April 12, BTC has fallen below the $83,000 mark, now trading at approximately $82,993.4. The daily increase has cooled to just 3.2%, reflecting a slowdown in bullish momentum.

The drop follows a brief surge fueled by positive market sentiment after Trump's temporary tariff suspension. However, macroeconomic uncertainty and liquidation risks still loom over the market. Analysts are closely monitoring whether BTC can hold key support levels above $80,000 or if a deeper correction could follow.

For now, Bitcoin remains volatile but resilient—its performance in the coming days will be critical in determining the next trend direction.

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