Bitcoin rebounds back to $65,000: Weakening dollar + double bottom pattern battle, is it a 10% rise or a 25% drop at the critical point?

BTC-0,1%
ETH-0,11%
SOL-1,98%
XRP-1,14%

February 25 News: According to CoinDesk, as the US dollar weakens and risk appetite in Asian stock markets rebounds, the crypto market has shown a noticeable rally after several weeks. Bitcoin’s price has retaken the around $65,400 level, driving mainstream digital assets to recover in tandem. Market participants are generally focused on whether the current region constitutes a key technical support level and whether the “double bottom” pattern can be confirmed.

On the macro level, the weakening US dollar index and the strengthening of Asian stock markets are resonating, boosting the appeal of risk assets. The MSCI Asia index rose to a new high for the period, with South Korea and Taiwan stock markets performing strongly, coupled with gains in AI-related stocks, which helped improve market sentiment. After US President Trump’s State of the Union address, the Bloomberg US dollar spot index slightly declined, indirectly providing upward momentum for Bitcoin and other cryptocurrencies.

FxPro Chief Market Analyst Alex Kuptsikevich pointed out that Bitcoin’s current movement is testing a potential double bottom structure. If the price can hold above the February 5 low, the technical pattern may be confirmed, with an estimated 10% rebound potential; however, if support is broken, a deeper correction could be triggered, with downside risk possibly expanding to 25%. This critical zone is seen as a short-term trend dividing line.

Driven by Bitcoin’s rebound, major tokens like Ethereum, Solana, and XRP also rose in tandem, indicating a phased return of funds to risk assets. However, analysts remain cautious about market sentiment. Data shows that Bitcoin has retraced nearly 50% from its all-time high, and market confidence has not fully recovered. Additional capital inflows and clear catalysts are still lacking.

It is noteworthy that although a weaker dollar generally favors Bitcoin’s movement, the correlation between the two has fluctuated during this cycle, increasing market uncertainty. Some institutional views suggest that the current rebound is more of a technical correction rather than a trend reversal. Kuptsikevich further warned that if macroeconomic conditions tighten again or risk appetite cools, the market could face a “second bottom,” and even larger downward pressure cannot be ruled out.

Under the intertwined influence of macro policies, US dollar liquidity, and technical structures, Bitcoin’s future trajectory will heavily depend on whether key support levels can hold. Short-term volatility may continue to remain high.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Robert Kiyosaki warns of a “fake coin” crash, insisting Bitcoin is the safest asset for 2026

Robert Kiyosaki, in a recent post, said that Bitcoin and Ethereum could become the safest investments of 2026, because the United States continues to print money, debt is rising, and inflation is worsening. He criticized the safety of U.S. Treasuries as “the biggest lie,” and noted that real assets and cryptocurrencies can preserve wealth during inflation. His investment recommendations include holding Bitcoin, gold, silver, and commodities. Although some of his predictions weren’t accurate, some of his long-term predictions have come true.

MarketWhisper26m ago

Bitcoin Prints Similar Bullish Chart to Previous Pump, Is Liquidity Ready to Return to the Crypto Market?

Bitcoin prints similar bullish chart to previous pump.  This leads experts to expect liquidity to return to the crypto market soon.  Will the crypto bull cycle enter a bullish extension phase? The crypto market continues steadily in a sideways pattern, with the price of BTC currently

CryptoNewsLand55m ago

BTC 15-minute surge of 0.84%: Upward momentum driven by insufficient liquidity and the resonance between futures premium arbitrage

2026-04-05 15:15 to 15:30 (UTC), the BTC price fluctuated within the 66,938.9 to 67,529.9 USDT range, with a 15-minute return of +0.84% and a volatility (amplitude) of 0.88%. During the same period, market trading activity increased: the number of active on-chain addresses over 10 minutes reached 420,690, short-term buying sentiment improved, and attention to the market was boosted. The main drivers behind this move are persistent liquidity tightness in the spot and derivatives markets. Current trading volume is significantly lower than the range since the end of 2023, and the threshold for buy-side pressure to push prices higher has dropped markedly.

GateNews59m ago

Saylor responds to Schiff: Bitcoin has been the best performer since August 2020—time horizon matters

Peter Schiff said that Bitcoin has risen only 12% over the past five years and has underperformed the Nasdaq, the S&P 500, gold, and silver; Michael Saylor then responded that Bitcoin has been the best mainstream asset since August 2020, emphasizing the importance of the time frame.

GateNews2h ago

Bitcoin Correction Shows Market Maturity Amid Rising Institutional Demand

Bitcoin’s 50% drop shows reduced volatility and signs of market maturity. ETF inflows and growing participation stabilize prices and improve liquidity. Even small Bitcoin allocations can enhance returns while balancing risk exposure. Bitcoin — BTC, has handled the recent correction

CryptoNewsLand3h ago
Comment
0/400
No comments