Bitcoin rebounds past $65k as dollar weakens and optimism returns. See why traders are eyeing the $66k resistance level next. Get the full analysis.

Bitcoin Price Today Bounces From Lows

The Bitcoin price recovery isn’t random but it’s driven by a weakening U.S. dollar and critical political shifts. We break down the exact data behind today’s breakout, analyze the impact of upcoming political events, and identify the key resistance levels every trader needs to watch right now.

Bitcoin Price Chart

Key Summary

• Price Rebound: Bitcoin (BTC) surged past the $65,000 resistance level on Wednesday, February 25, 2026, reaching an intraday high of over $66,000 before settling.
• Key Drivers: The rally is primarily attributed to a weakening U.S. dollar and a broader risk-on sentiment that lifted global equities, particularly in Asian markets.
• Political Influence: The market showed sensitivity to political events, with prices experiencing a brief spike ahead of a scheduled speech by President Trump.
• Current Standing: Despite the recent gains, Bitcoin remains approximately 48% below its all-time high, highlighting significant room for recovery.

Market Sees Renewed Vigor as Bitcoin Climbs

Bitcoin showed strong signs of life early Wednesday, reclaiming a critical price level as multiple macroeconomic factors aligned in its favor. The leading cryptocurrency climbed by as much as 3.5%, trading firmly above $65,400. This upward momentum brought a wave of cautious optimism back to a market that has been navigating a broader downtrend in recent weeks.

The primary catalyst for the day’s rally appears to be a softening U.S. dollar. A weaker dollar typically makes assets priced in USD, like Bitcoin, more attractive to international investors. This, combined with a positive trading session across Asian equity markets, created a favorable environment for risk assets, allowing capital to flow back into the crypto space.

Volatility Persists Amid Political Commentary

Demonstrating its sensitivity to external events, Bitcoin’s price experienced notable volatility surrounding a much-anticipated congressional address by President Trump. In the hours leading up to the speech, the price rallied to its session high near $66,000. However, some of these gains were pared back as the event unfolded, with the price settling around $65,490. This price action serves as a concrete example of how political discourse and regulatory uncertainty continue to influence trader sentiment and short-term market movements.

Analysts note that while futures prices showed firmness, the overall technical picture suggests the asset is not yet clear of its recent downtrend. Traders are closely watching for a sustained break above current resistance levels to confirm a potential reversal.

Price in Perspective: A Look at the Data

While the day’s performance is encouraging for bulls, it’s essential to view it within the larger market context. The recent climb still leaves Bitcoin significantly below its peak valuation. This perspective is crucial for traders managing long-term positions and assessing the potential for future growth.

This data highlights that despite the positive daily movement, the market is still in a recovery phase. The 24-hour period also saw some volatility, with trading data showing a slight dip of around 2.17% from the absolute daily peak, indicating that sellers are still active at higher price points. As the market digests the day’s news, traders will be looking for consolidation above the $65,000 mark as a signal of continued strength.

Disclaimer:

All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.