Bitcoin’s value dipped below $105,000 as financial markets trembled with renewed concerns stemming from U.S. banking issues, but recent positive earnings from regional banks have helped alleviate investor worries. The big question remains whether Bitcoin’s upward movement will continue soon.

Bitcoin one-day chart. Source: Cointelegraph/TradingView

Key takeaways:

• Bitcoin stabilized as U.S. regional banks reported unexpectedly strong earnings, which calmed credit worries.
• An analyst suggested that Bitcoin’s bull market may conclude within 10 days.

Over the last few days, Bitcoin’s price has fluctuated more than 5%, currently under $105,000, as fears about U.S. banking health persist. Still, as U.S. bank stocks showed resilience, global sentiment mirrored this recovery.

Market observers noted that the positive earnings across several regional banks, such as Truist Financial and Regions Financial, provided the much-needed confidence to the markets following recent sell-offs.

In addition, President Donald Trump’s announcement that high tariffs on Chinese goods “will not persist”, alongside upcoming discussions with President Xi Jinping, contributed to the positive shift, leading to stock futures rising by 1.2%.

Despite the market’s recovery, some analysts remain cautious regarding a potential end to existing Bitcoin bull trends, with historical patterns suggesting that it may conclude soon.

(This article does not offer investment advice. All readers should conduct their own research before making any financial decisions.)