TechFlow News, March 4: According to Cointelegraph, Bitcoin rose 5.21% on Wednesday to approximately $71,900, breaking above the upper trendline of what had previously been viewed as a “bearish flag” pattern. Accompanying this breakout was increased trading volume, which weakened the bearish structure. Analysts suggest $80,000 could become the next target for this rally. Currently, the Chicago Mercantile Exchange (CME) has an unfilled gap ranging from $79,660 to $81,210—a gap that has persisted since early February. Data shows that nine out of ten such gaps dating back to August 2025 have already been filled; thus, traders typically regard this range as a high-priority target. If Bitcoin does not encounter significant selling pressure near $74,000 in the short term, the probability of it challenging the $80,000 level is rising. As of now, the Polymarket prediction market estimates Bitcoin’s probability of surpassing $80,000 in March at 40%.
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