Bitcoin bounces above $65,000 as dollar weakens and double-bottom 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. 5 lows will hold. 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.