Polymarket odds for Bitcoin to trade above $80,000 in March climb to 40% as price hits around $71,900

Bitcoin gained 5.21% on Wednesday to trade near $71,900, moving above the upper trendline of a previously identified "bearish flag" pattern with rising trading volume that weakened the bearish setup, according to Cointelegraph citing Odaily Planet Daily. Analysts cited in the report note that $80,000 is viewed as the next potential upside target, and prediction market Polymarket now assigns a 40% probability that Bitcoin will break above $80,000 by March. The CME gap between $79,660 and $81,210, which has remained open since early February, is seen by traders as a high-priority zone after data showed that 9 out of 10 gaps since August 2025 have already been filled. The report adds that if Bitcoin avoids heavy selling pressure around $74,000 in the near term, traders believe the chances of a move toward $80,000 are increasing.