$BTC While the market-wide correction decreased the bullish sentiment, some key indicators suggest the upward momentum will likely continue.

CBOE’s Volatility Index dropped to 18.4 for the first time since late March, before US President Donald Trump’s trade war — he announced reciprocal tariffs on what was called the “Liberation Day” on April 2.

The Trump administration announced that the tariffs will temporarily decline to 30% and 10% for Chinese and American goods, respectively. Despite being a temporary announcement, this hinted at a potential end to the trade war between the two giant economies.