Bitcoin rebounded above $65,000 as the dollar weakened and risk-on sentiment took hold in Asian markets. The BTC price stood at about $65,435.64 in the early session, reclaiming levels near $65,400. Analysts described the move as potentially forming a double-bottom pattern that could signal a further upside if the pattern holds.
Altcoins followed BTC higher, with Ethereum up 4.2%, Solana up 7%, and XRP up 3%. The broader crypto market cap hovered around $2.19 trillion after testing the February 5 low.
Vitalik Buterin sold 17,000 ETH this month as ether fell about 37%. Dogecoin rose roughly 5% as a breakout flipped resistance into support. FxPro analyst Alex Kuptsikevich warned that a confirmed double-bottom could offer about 10% upside, while a failure could open up roughly 25% more downside.
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