Odaily Planet Daily reports: On Wednesday, Bitcoin rose 5.21% to approximately $71,900, breaking above the upper trendline of a previously identified "bearish flag" pattern, accompanied by increased trading volume that weakened the bearish structure. Analysts suggest $80,000 may be the next target for this rally; currently, the probability of Bitcoin surpassing $80,000 by March, as predicted on Polymarket, has risen to 40%. Additionally, the unresolved gap on CME remains at $79,660–$81,210, persisting since early February. Data shows that 9 out of 10 gaps since August 2025 have already been filled, leading traders to regard this range as a high-priority target. If Bitcoin does not encounter significant selling pressure near $74,000 in the short term, the likelihood of a push toward $80,000 is increasing. (Cointelegraph)
The probability of Bitcoin breaking above $80,000 in March rises to 40% on Polymarket.
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Summary
Bitcoin’s probability of breaking $80,000 in March rose to 40% on Polymarket. On-chain data shows BTC climbed 5.21% to $71,900, breaking through a bearish flag pattern on higher volume. Analysts view $80,000 as the next target. The CME’s unoccupied gap remains between $79,660 and $81,210, a key level since February. Altcoins to watch may gain momentum if Bitcoin clears $74,000 without resistance.
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