The probability of Bitcoin surpassing $80,000 in March on Polymarket has increased to 40%, as market bullish sentiment heats up.

SmartContractAuditor · 2026-03-04T12:16:14+00:00

Bitcoin rose 5.21% on Wednesday, breaking through the "bearish flag" trendline, with trading volume increasing. Analysts believe the next target is $80,000, with the probability of breaking through in March rising to 40%. The unfilled gap on the CME is between $79,660 and $81,210. If there is no significant selling pressure, the likelihood of a push toward $80,000 increases.

SmartContractAuditor

2026-03-04 12:16:14

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Odaily Planet Daily reports that Bitcoin rose 5.21% on Wednesday to approximately $71,900, breaking through the upper trendline previously seen as a “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. Currently, the market probability of Bitcoin surpassing $80,000 in March on Polymarket has increased to 40%. Additionally, the current CME gap remains between $79,660 and $81,210, which has persisted since early February. Data shows that since August 2025, 9 out of 10 gaps 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. (Cointelegraph)

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