From Cointelegraph

May 09, 2025 10:59 am:

Bitcoin is reaching key resistance levels near all-time highs, with talk of “parabolic” price targets resurfacing as bulls hold six figures. Signs of profit-taking are increasing as BTC hits $104,332, its highest since January. Analysts predict potential new highs in the $137,000 to $160,000 range if bullish momentum continues.

Market participants are showing renewed faith in the Bitcoin bull market, with some predicting “crazy numbers” like $160,000. Traders are closely watching the relative strength index (RSI) for further upside potential. Short-term profit-taking is evident at $103,000, a key resistance zone, with BTC trading around high-time frame supply and resistance levels.

US stock markets were flat at the Wall Street open, potentially impacting Bitcoin’s price action. Market remains correlated with traditional finance, with traders advised to monitor performance closely. This article does not provide investment advice, and readers are encouraged to conduct their own research before making decisions.

Read more at Cointelegraph: Is Bitcoin about to go parabolic? BTC price targets include $160K next