Bitcoin (BTC) bulls are eyeing a return to $80,000 in March, with at least three indicators flashing increasing momentum.

Key conclusions: :

• Bitcoin jumped more than 5% to $72,000 on Wednesday.

• Many indicators, including the symmetrical triangle, point to a prolonged price rally towards $80,000.

Bitcoin invalidates bearish chart pattern

On Wednesday, the BTC price showed signs of invalidating what initially appeared to be a bear pennant.

The BTC/USD pair broke the upper pennant trendline after jumping 5.21% to around $71,900. The breakout occurred with an escalate in trading volume, which meant greater confidence in the upside.

This also increased the chances of a bullish reversal in the shape of a symmetrical triangle.

A symmetrical triangle forms when price makes lower highs and higher lows, tightening in a tightening range.

This resolves when the price breaks any of the trend lines and moves the maximum height of the pattern.

For BTC, the widest range of the triangle is around $63,000-71,000-72,000.

A conventionally measured move above the upper trendline points to around $80,000 in March if the breakout continues. The level coincides with the BTC 100-day exponential moving average (100-day EMA, purple line).

Related: US Bitcoin Spot ETFs Add $225M as BlackRock’s IBIT Offsets Redemptions

The next headwind for BTC is the 50-day EMA (red) near $74,400. A rejection of this currency would weaken the breakout and escalate the chances of a pullback towards the 20-day EMA (green) around $68,700.

The BTC futures gap remains unfilled at $80,000

The triangle’s measured $80,000 target also coincides with the unfilled CME futures gap, turning this area into a clear magnet zone for the bulls.

The CME gap occurs because CME Bitcoin futures stop trading over the weekend. If Bitcoin’s spot price changes while the futures market is closed, the latter may reopen at a up-to-date level, leaving an empty price zone on the chart.

As of Wednesday, the difference has been between $79,660 and $81,210 since the beginning of February.

Nine of the last 10 gaps on the CME have been filled since August 2025, so investors may view the $79,660-$81,210 region as a high-priority target as spot and futures prices re-align.

Polymarket raises Bitcoin price to $80,000 in March

Polymarket, a cryptocurrency-based prediction marketplace where users trade contracts based on actual performance, is showing a clear bullish turn for BTC in March.

Traders now assign 40% chance Bitcoin will hit $80,000 on Wednesday, up from 20% a day ago. The $75,000 goal inspires even greater confidence at 70%, up from 40% yesterday.

At the same time, the probability of BTC price reaching $65,000 and $60,000 in March is lower than before, suggesting that the crowd is limiting downside expectations.