Analysis: Bitcoin bullish sentiment heats up, with $80,000 potentially becoming the next target for this rebound

CycleProphet · 2026-03-04T12:16:22+00:00

Bitcoin recently increased by 5.21%, breaking through the "bearish flag" trendline, with the price reaching approximately $71,900. Analysts suggest that $80,000 could become the next target, and the market's probability of Bitcoin breaking $80,000 in March has risen to 40%.

CycleProphet

2026-03-04 12:16:22

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Deep Tide TechFlow News: On March 4th, according to Cointelegraph, Bitcoin rose 5.21% on Wednesday to approximately $71,900. The price broke through the upper trendline of the previously considered “bearish flag” pattern, accompanied by increased trading volume that weakened 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. Therefore, 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 probability of a push toward $80,000 is increasing. Currently, the market prediction on Polymarket has raised the probability of Bitcoin breaking $80,000 in March to 40%.

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