Bitcoin surged 5.21% on Wednesday, reaching approximately $71,900, as it broke above a bearish flag pattern with increased trading volume. This movement has weakened the short-term bearish outlook, prompting analysts to suggest $80,000 as the next target. The CME gap between $79,660 and $81,210, unfilled since early February, is seen as a high-priority target, with 9 out of 10 gaps since August 2025 already filled. Traders are closely watching for potential selling pressure near $74,000, which could impact the rally's momentum. On the prediction market Polymarket, the probability of Bitcoin surpassing $80,000 in March has increased to 40%, reflecting growing optimism among investors.