Bitcoin jumps 5.21% to around $71,900 as traders eye $80,000 and CME gap near $80,000–$81,000

Bitcoin climbed about 5.21% on Wednesday to roughly $71,900, moving above the upper trendline of a previously identified bearish flag pattern as trading volume picked up, according to Cointelegraph cited by ChainCatcher. The CME Bitcoin futures market currently shows an unfilled gap between $79,660 and $81,210 that has remained open since early February, and data indicate that 9 out of 10 gaps since August 2025 have already been filled, so traders tend to view this band as a high-priority area. Analysts noted that if Bitcoin does not face strong selling near $74,000 in the short term, the odds of extending the rally toward $80,000 are improving. On prediction platform Polymarket, the implied probability of Bitcoin trading above $80,000 in March has increased to 40%.