Recently, Bitcoin has been showing some interesting momentum. After breaking through the bearish flag pattern that had previously been a barrier, the price has now reached the $77K area with fairly solid volume. This has led many traders to consider whether this rally can continue to the next level.

What’s interesting is the CME gap in the range of $79,660 to $81,210 that has remained open since early February. Looking at the data, most CME gaps since mid-last year have already been closed, so this range becomes a fairly logical target to aim for. If Bitcoin can stay above $74K without significant selling pressure, the chances of reaching $80K become even greater.

Oh, and on Polymarket, the probability of Bitcoin breaking through $80K has risen to 40%. This indicates that the market is becoming more optimistic about an upward move. So now, it’s just a matter of seeing whether this momentum is strong enough or if it’s just a regular bounce.