On February 25, during Asian trading hours, Bitcoin rose as much as 3.52% to $66,300, marking the largest intraday increase since February 13. The market rebound was directly driven by U.S. President Trump delivering the State of the Union address to Congress and high-level signals from Iran indicating willingness to engage in diplomatic negotiations, easing geopolitical tensions.
Trump’s State of the Union and Multiple Positive Factors Resonating
In his speech, Trump strongly defended his economic achievements during his term, stating, “Our country is bigger, better, richer, and stronger than ever before.” This speech, combined with the market’s reassessment of the midterm election landscape, served as a political catalyst for the crypto market rebound.
From a macro perspective, the overall recovery of risk assets was not driven by a single factor. Positive signals emerged in the AI sector: Intuit and DocuSign announced collaborations with AI company Anthropic, suggesting tech giants are capable of adapting proactively to AI disruptions rather than being eliminated, which boosted software ETFs (IGV) by 1.7%. Meanwhile, Iran’s Deputy Foreign Minister Majid Takht-Ravanchi stated that Iran is “ready to take any necessary measures to reach an agreement with the U.S.,” easing fears of military strikes. Gold prices fell 1.5%, and oil prices declined 0.5%, reflecting improved risk appetite.
The Nasdaq 100 rose 1.1%, and the S&P 500 increased 0.8%. Bitcoin mining and high-performance computing companies also gained strength, with Bitdeer, Cipher Mining, Hut 8, and TeraWulf rising between 6% and 10%.
Pratik Kala, Head of Research at Apollo Crypto, noted: “Bitcoin’s upward move is likely driven by multiple factors, including short covering and speculative long positions ahead of the State of the Union address.”
Bitcoin Technical Analysis: Key Resistance and Support Levels

(Source: Trading View)
Before this rebound, Bitcoin dropped from $68,654 to a low of $62,500, briefly breaking below $63,000. It has now recovered above $65,000, surpassing the 50% Fibonacci retracement level of the previous decline, but remains below $66,500 and the 100-hour simple moving average (SMA).
Key Technical Levels for Bitcoin
Immediate Resistance: $66,500 (including the hourly bearish trendline at $66,600)
Major Resistance: $67,200 (76.4% Fibonacci retracement) → $68,000 → $68,800 → $69,200–$69,500
Immediate Support: $65,500 → $65,000 (critical support) → $64,200 → $63,500
Major Bottom Support: $62,500; a break below this would significantly increase short-term correction difficulty.
Technical Indicators: Hourly MACD in bullish acceleration; hourly RSI has rebounded above 50.
Frequently Asked Questions
How does the State of the Union address influence short-term price movements of Bitcoin and other crypto assets?
The address itself does not directly alter on-chain supply and demand. However, markets often exhibit short-term behaviors such as “pre-emptive longs” and short covering around the speech. According to Apollo Crypto’s analysis, the recent rally was mainly driven by short covering and speculative longs resonating, rather than fundamental structural changes.
Why is Bitcoin’s rebound highly synchronized with tech stocks?
In recent years, Bitcoin’s correlation with tech stocks—especially AI-related ones—has increased significantly. When positive news alleviates concerns about AI disrupting tech profits, overall risk appetite improves, leading capital to flow into both crypto assets and tech stocks, creating a resonant rebound.
If Bitcoin fails to break through the $66,500 resistance, what are the downside risks?
Technical analysis suggests that if Bitcoin cannot effectively break above $66,500, the first support is at $65,500, followed by a key support at $65,000. Continued weakness could lead to retesting the major bottom support zone between $63,500 and $62,500, with $62,500 being the current cycle’s critical technical bottom.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Dogecoin On-Chain Losses Hit Record High: 1,100 Days of "Profit Days" Warning that DOGE May Enter a Two-Year Bottoming Cycle
February 25 News, Dogecoin (DOGE) is currently in a critical structural and technical range. On-chain research firm AMBCrypto pointed out that its price has entered a rare historical discount level, a characteristic often associated with long-term bottom formation rather than short-term reversal signals. Data shows that the "profit days" indicator has risen to a new high of 1100 days in history, indicating that the vast majority of historical trading days had prices above the current level, and many DOGE holders are still in deep unrealized losses.
This phenomenon typically occurs during the later stages of a market correction cycle, reflecting that there is still significant remaining supply in the market, while long-term holders are numerous. However, structural cycle indicators have not yet released clear bottoming signals. From the perspective of net position changes among holders, during the 2021 and 2024 bull market ends, a large amount of DOGE was sold at cycle tops, while continuous buying in the $0.095 to $0.34 range significantly increased the overall holding costs.
GateNewsBot3m ago
SOL Under Pressure: Is a Short Squeeze Brewing in Solana?
Short Squeeze Potential: Extreme short positions could trigger a sudden upward move in SOL.
Key Levels: Resistance lies at $90–$100, while support holds near $75–$78.
Network Signals: Rising wallet creation suggests accumulation despite price weakness.
Solana’s SOL has been navigating
CryptoNewsLand6m ago
PUMP funds have flowed out nearly $100 million in the past 24 hours, with zero fees and short sellers dominating. Key support levels are under pressure.
On February 25, news reports indicate that the native token PUMP of memecoin launch platform Pump.fun is facing significant selling pressure. Over the past 24 hours, its price has dropped approximately 9.5%, accompanied by a large-scale withdrawal of funds, and market risk sentiment has notably increased. Data shows that about $99.47 million was withdrawn in a single day, causing its market capitalization to quickly fall from approximately $715 million to $615 million, with signs of liquidity contraction becoming more evident.
From a trading structure perspective, trading volume has actually increased during the price decline. This "volume-increasing decline" is often seen as a strong sell signal, indicating that sellers are dominating and continuously suppressing buying demand. Against the backdrop of ongoing capital outflows, market depth has decreased, and short-term volatility may further expand.
GateNewsBot7m ago
DeXe breaks through the descending wedge and surges 17%, with trading volume and open interest increasing simultaneously. $4 may become a key resistance level.
On February 25, news reports indicate that DeXe (DEXE) has shown a strong upward movement on the daily chart, with a single-day increase of 17%. The technical pattern shows that it has completed a descending wedge breakout and successfully retested, indicating a clear shift in the short-term market structure towards bullishness. After the price effectively broke above the key resistance zone of $3.17, the upward channel further opened, and market focus quickly shifted to the psychological level of $4. This area also overlaps with a liquidity-dense zone, becoming the core position for short-term price battles.
From a technical perspective, descending wedges are generally seen as bullish patterns indicating trend reversals or continuations. This breakout, confirmed by increased volume, suggests strong buying momentum and higher reliability compared to upward movements without volume. If the price remains steadily above $3.17, this zone is likely to turn into a support level, providing a structural foundation for subsequent attempts to reach $4.
GateNewsBot10m ago
Peter Schiff Warns Trump Comment Could Trigger Bitcoin Selloff
Longtime Bitcoin critic Peter Schiff sparked fresh debate. After claiming a single social media post from Donald Trump could crash Bitcoin. The veteran gold advocate shared the view on X on February 25. He argues the crypto market still runs heavily on sentiment
Schiff suggested that if Trump
Coinfomania14m ago
USDT market capitalization declines for two consecutive months; weakening stablecoin liquidity may hinder Bitcoin and the crypto market recovery
February 25 News, the world's largest stablecoin USDT's market capitalization has once again shown signs of contraction, declining for the second consecutive month, prompting a reassessment of liquidity and capital strength in the crypto market. The latest data shows that USDT's market cap has decreased by approximately 0.8% this month to $183.6 billion, a significant pullback from the previous all-time high of $186.8 billion, continuing the downward trend from January. This consecutive shrinking is relatively rare since the stablecoin trust crisis in 2022, leading to a more cautious market sentiment.
Stablecoins have long been regarded as the "capital reservoir" of the crypto market, with their size changes often directly reflecting off-chain capital inflows or outflows. Analyst Rachael Lucas pointed out that a reduction in stablecoin supply usually indicates a decline in market purchasing power. When liquidity tightens, the upward momentum of mainstream assets is also suppressed. The current weakening of USDT's market cap has been interpreted by some institutions as an important signal that capital has not yet flowed back into crypto assets on a large scale.
GateNewsBot32m ago