Analysis: Bitcoin bullish sentiment is heating up, and $80,000 may become the next target for this round of rebound
By: rootdata|2026/03/04 20:43:40
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According to Cointelegraph, Bitcoin rose 5.21% on Wednesday to around $71,900, breaking through the upper trend line previously seen as a "bearish flag," accompanied by increased trading volume that weakened the bearish structure. Analysts believe that $80,000 may become the next target for this rebound.
Currently, the CME gap remains unfilled at $79,660--$81,210, which has persisted since early February. Data shows that out of 10 gaps since August 2025, 9 have been filled, leading traders to typically view this range as a high-priority target. If there is no significant selling pressure near $74,000 in the short term, the probability of Bitcoin making a push towards $80,000 is increasing. Currently, the probability of Bitcoin breaking $80,000 in March on the prediction market Polymarket has risen to 40%.
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