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) bulls are eyeing a move back toward $80,000 in March, with at least three indicators flashing increasing upside momentum.Multiple indicators, including a symmetrical triangle, hint at an extended price rally toward $80,000.
On Wednesday, BTC’s price showed signs of invalidating what initially appeared to be a bear pennant.. Its breakout came alongside a rise in trading volume, implying stronger conviction behind the rally.That simultaneously increased the odds of a symmetrical-triangle bullish reversal. A symmetrical triangle forms when price makes lower highs and higher lows, compressing into a tightening range. It resolves when the price breaks either of the trendlines and moves by as much as the pattern’s maximum height.BTC/USD daily price chart. Source: TradingView A standard measured move above the upper trend line points to about $80,000 in March if the breakout sticks. The level aligns with BTC’s 100-day exponential moving average .BTC’s next hurdle is the 50-day EMA near $74,400. A rejection there would weaken the breakout and raise the odds of a pullback toward the 20-day EMA around $68,700.The triangle’s $80,000 measured target also overlaps with an unfilled CME futures gap, turning the area into a clear magnet zone for the bulls.happens because CME Bitcoin futures stop trading over the weekend. If Bitcoin’s spot price moves while the futures market is closed, the latter can reopen at a new level, leaving an empty price zone on the chart.As of Wednesday, that gap has been sitting around $79,660–$81,210 since early February. since August 2025, which is why traders may view the $79,660–$81,210 region as a high-priority target as spot and futures prices re-align.Polymarket, a crypto-based prediction market where users trade contracts on real-world outcomes, is showing a clear bullish shift for BTC in March.40% odds that Bitcoin reaches $80,000 on Wednesday, up from 20% a day ago. The $75,000 target carries even stronger conviction at 70%, up from 40% yesterday.At the same time, the odds of the BTC price reaching $65,000 and $60,000 in March are priced lower than before, suggesting the crowd is trimming downside expectations. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
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