Analysis suggests bitcoin may surge towards the $80,000 target

On March 4, according to Cointelegraph, bitcoin rose 5.21% on Wednesday to around $71,900, breaking above the previous "bearish flag" upper trendline with increased trading volume. Analysts believe that $80,000 may become the target for this round of rebound. The CME gap remains unfilled at $79,660–$81,210, and 9 out of 10 gaps since August 2025 have already been filled. Traders usually regard 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 challenging $80,000 increases. Currently, the prediction market Polymarket estimates the probability of bitcoin breaking $80,000 in March has risen to 40%.