Bitcoin’s price dipped below $105,000 as stress in the US banking sector sent jitters through risk markets, but improved earnings from regional banks helped ease concerns. Analysts speculate on the possibility of Bitcoin’s uptrend resuming in the near future.

Key Takeaways:

• Bitcoin’s price found some stability after US regional banks delivered stronger-than-expected operational results, calming credit worries.
• One analyst predicts the current Bitcoin bull market could end in ten days.

BTC decreased by over 5% to trade under the $105,000 mark as financial instability resurfaced due to US banking issues. However, the resilience in regional bank stocks has provided a counterbalance to investor anxiety, leading to a more composed market sentiment before the weekend.

Bitcoin one-day chart. Source: Cointelegraph/TradingView

Nevertheless, BTC’s struggle around the $105,000 level continues, with market confidence showing slight improvement following several regional banks, like Truist Financial and Regions Financial, reporting better-than-expected results.

RBC Capital Markets noted that regional banks appear well-prepared for prospective losses and have significantly increased their capital reserves since 2023. This may indicate that the recent market sell-off was overreacting.

Optimism from Trump’s Comments on Tariffs

In a positive turn, US President Donald Trump announced that high tariffs on Chinese imports would not continue and indicated a forthcoming summit with Chinese President Xi Jinping. This news helped rekindle global market enthusiasm, reflected in the positive shift in US stock futures.

BREAKING: S&P 500 futures recover losses as President Trump announces tariffs on China will NOT extend.

Market sentiment has notably improved, with experts suggesting that recent fluctuations in cryptocurrency and stock markets are likely short-term and not a sign of systemic issues.

Some analysts remain cautious, alerting that Bitcoin’s bullish trend might be nearing its conclusion. A prediction from analyst CryptoBird suggests that the bull run may cease within the next ten days, using historical market behaviors as reference.

Note: This article does not offer investment advice. All trading involves risk, and it is recommended that individuals conduct thorough research before investments.