The post Will It Climb to the $80K Mark? appeared on BitcoinEthereumNews.com.

With a 6% gain, Bitcoin is trading at the $71.3K mark. The market has seen $201.34M in BTC liquidations. 5% gain has been recorded in the last few hours within the crypto market. It has pushed the majority of the digital assets into bullish territory. The largest and dominant token, Bitcoin (BTC), has followed suit, registering a 6.76% surge in value. After multiple recovery attempts, the asset is finally on the way to reclaiming the recent highs.  BTC opened the day trading at a low of $66,237, and with a gradual bullish turn, the price moved up to a high of $71,886. Bitcoin is currently trading at $71,362, and the trading volume has reached $62.28 billion. Also, the BTC market has seen a liquidation of $201.34 million. Consequently, the asset’s Fear and Greed Index is at 10, reporting extreme fear. With the 4-hour trading pattern, Bitcoin faces a bullish encounter. The price may rise to the resistance zone at $71.4K. Further gains on the upside could trigger the mighty bulls to invite the golden cross to unfold. The asset’s price would eventually climb to a high of $71.5K.  On the flip side, if the asset’s price chart turns red, it could slip to revisit the $71.2K support range. An extended correction on the downside might push the death cross to take place. Gradually, the potential bears would send the Bitcoin price toward the $71.1K or even lower.  Can Bitcoin’s Bullish Momentum Sustain in the Near Term? BTC’s Moving Average Convergence Divergence line is found above the signal line, which hints at bullish momentum. This would remain valid as long as the MACD stays above, and then may continue trending upward. Moreover, the Chaikin Money Flow indicator of Bitcoin at 0.12 displays moderate buying pressure, with the money flowing in. This…

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Filed under: News - @ March 5, 2026 2:22 am