• Bitcoin bounces above $65,000 as dollar weakens and bullish hopes build A broad uptick across tokens arrived alongside a softer greenback and a rally in Asian equities, though analysts remain split on whether the Feb. • What to know: Bitcoin rebounded to about $65,400 as a weaker U.S. • dollar and a risk-on rally in Asian equities gave crypto markets their first solid bounce in weeks. • The broader crypto market is testing a potential double-bottom pattern that could imply roughly 10% upside if it holds, but a failure to rebound could trigger a further decline of about 25%, according to FxPro’s Alex Kuptsikevich. • Despite gains in major tokens such as ether, solana and XRP, analysts describe a crisis of confidence in bitcoin after its nearly 50% slide from record highs and warn that real capitulation may still lie ahead. • BitcoinBTC$65,065.42reclaimed $65,400 early Wednesday as a weaker U.S.

Article Summaries:

  • Bitcoin rose to about $65,400 after a weaker U.S. dollar and a risk‑on rally in Asian equities, marking the first solid bounce in weeks. Analysts note the market may be forming a classic double‑bottom pattern, which could signal roughly a 10 % upside if the level holds, but a failure to rebound could trigger a further 25 % decline. While major altcoins such as ether, solana and XRP also gained, many experts warn that Bitcoin’s nearly 50 % slide from all‑time highs has left confidence fragile, and real capitulation may still lie ahead.

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