Bitcoin price news: BTC zoomes above $65,000 as bullish 'double-bottom' hopes build

CoinDesk

by Shaurya Malwa

February 25, 2026

AI-Generated Deep Dive Summary

Bitcoin prices surged above $65,000 earlier this week, driven by a weaker U.S. dollar and bullish sentiment across crypto markets. The upward movement came as Asian equities also saw gains, with major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) gaining momentum. This rally has sparked discussions among analysts about the potential formation of a "double-bottom" chart pattern, which could signal a bullish trend reversal if sustained. The double-bottom pattern is significant because it suggests that Bitcoin tested a low price level twice before rebounding. If the price breaks above a key resistance point near $65,400, it would confirm a bullish reversal, potentially leading to an 10% increase in value. However, analysts remain cautious, with some warning that if the current rally fails to extend beyond recent highs, it could signal further declines of up to 25%. This uncertainty highlights the critical importance of whether Bitcoin can maintain its upward momentum. The broader crypto market has shown mixed reactions to this latest surge. While major altcoins like Ether, Solana, and XRP have also gained ground alongside Bitcoin, analysts note a lack of confidence in the market following Bitcoin's nearly 50% decline from all-time highs. The weaker dollar and positive sentiment in Asian markets provided tailwinds for risk assets, including cryptocurrencies. However, experts warn that real capitulation—where prices drop to even lower levels—is still possible. Institutional interest remains a key factor, with major crypto firms like Anchorage Digital signaling confidence in Bitcoin's long-term strategy. The recent investment

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Originally published on CoinDesk on 2/25/2026