Bitcoin Price Surges Past $65K Amid Weaker US Dollar and Double-Bottom Pattern Formation

The price of Bitcoin (BTC) has rebounded strongly, climbing above the $65,000 mark. This upward movement coincides with a weakening US Dollar Index (DXY), which is making alternative assets like cryptocurrencies more attractive to investors. Market analysts are pointing to the potential formation of a bullish "double-bottom" technical pattern on the charts, signaling a possible reversal from recent corrective phases. This combination of macroeconomic factors and positive technical analysis is fueling optimism for a continued recovery in the crypto market. The renewed buying pressure highlights Bitcoin's resilience and its sensitivity to traditional financial indicators.