ChainCatcher reports that, according to market news, Bitcoin rose 5.21% on Wednesday to approximately $71,900, breaking through the upper trendline of the previously considered “bearish flag” pattern. The increase was accompanied by higher trading volume, weakening the bearish structure. Analysts believe that $80,000 could be the next target for this rebound.
The current unfilled gap on the CME is between $79,660 and $81,210, which has persisted since early February. Data shows that out of 10 gaps since August 2025, 9 have been filled. Traders generally view this range as a high-priority target. If Bitcoin does not face significant selling pressure near $74,000 in the short term, the likelihood of a push toward $80,000 is increasing. Currently, the market forecast on Polymarket shows the probability of Bitcoin breaking $80,000 in March has risen to 40%.
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