{"id":445,"date":"2025-05-09T14:59:44","date_gmt":"2025-05-09T14:59:44","guid":{"rendered":"https:\/\/cryptocoinnewslink.com\/?p=445"},"modified":"2025-05-09T14:59:44","modified_gmt":"2025-05-09T14:59:44","slug":"is-bitcoin-about-to-go-parabolic-btc-price-targets-include-160k-next","status":"publish","type":"post","link":"https:\/\/cryptocoinnewslink.com\/?p=445","title":{"rendered":"Is Bitcoin about to go parabolic? BTC price targets include $160K next"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmI1ODktYmZhMC03Yjk4LTg4ZDAtOTljYjRkMWJlMTIz.jpg\" \/><\/p>\n\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmI1ODktYmZhMC03Yjk4LTg4ZDAtOTljYjRkMWJlMTIz.jpg\" alt=\"Is Bitcoin about to go parabolic? BTC price targets include $160K next\" \/><\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin continues to attack a key resistance zone below all-time highs.<\/p>\n<\/li>\n<li>\n<p>\u201cParabolic\u201d BTC price talk begins to resurface as bulls hold six figures after the Wall Street open.<\/p>\n<\/li>\n<li>\n<p>Signs of profit-taking are increasing amid the highest prices since January.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"null\" target=\"null\" title=\"null\">BTC<\/a>) is attracting \u201cparabolic\u201d price targets as bulls continue to hold six figures on May 9.<\/p>\n<figure><img decoding=\"async\" alt=\"Is Bitcoin about to go parabolic? BTC price targets include $160K next\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196b57b-cdd3-715c-a565-fbeb2b97e9eb\" title=\"\" \/><figcaption><em>BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<h2>BTC price in line for \u201ccrazy numbers\u201d<\/h2>\n<p>Data from <a data-ct-non-breakable=\"null\" href=\"https:\/\/subscription.cointelegraph.com\/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI.\" rel=\"null\" target=\"null\" title=\"null\">Cointelegraph Markets Pro<\/a> and <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\" rel=\"null\" target=\"null\" title=\"null\">TradingView<\/a> shows barely any consolidation taking place on BTC\/USD over the past 24 hours.<\/p>\n<p>The pair hit $104,332 on Bitstamp, marking its highest since the end of January and a clear departure from the slow downtrend in place for much of 2025.<\/p>\n<p>Reacting, market participants have begun to restore their faith in the broader Bitcoin bull market.<\/p>\n<p>\u201cNovember 2024 monthly candle was the breakout signal on long-term charts,\u201d popular economist Aksel Kibar <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/TechCharts\/status\/1920744801336463711\" rel=\"null\" target=\"null\" title=\"null\">told<\/a> X followers in his latest post.<\/p>\n<p>An accompanying chart compares November 2024 to similar \u201cbreakout\u201d events in the past, with Kibar reiterating his <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/4-new-btc-price-targets-bitcoin-over-124k-by-new-year\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/4-new-btc-price-targets-bitcoin-over-124k-by-new-year\">existing $137,000 target<\/a>.<\/p>\n<figure><img decoding=\"async\" alt=\"Is Bitcoin about to go parabolic? BTC price targets include $160K next\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196b576-3929-7ab3-aa2d-87af43d45e72\" title=\"\" \/><figcaption><em>BTC\/USD 1-month chart. Source: Aksel Kibar\/X<\/em><\/figcaption><\/figure>\n<p>Others, however, have far loftier expectations for BTC price action next. In particular, talk of \u201cparabolic\u201d upside has returned this month.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin is about to go parabolic.<\/p>\n<p>Don&#8217;t bet against history. <a href=\"https:\/\/t.co\/NYJVexp0mM\">pic.twitter.com\/NYJVexp0mM<\/a><\/p>\n<p>\u2014 Mister Crypto (@misterrcrypto) <a href=\"https:\/\/twitter.com\/misterrcrypto\/status\/1917942584720474610?ref_src=twsrc%5Etfw\">May 1, 2025<\/a><\/p><\/blockquote>\n<p>\u201cBitcoin is going exponential,\u201d crypto entrepreneur and investor Jason Williams <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/GoingParabolic\/status\/1920427571675648245\" rel=\"null\" target=\"null\" title=\"null\">summarized<\/a> as $100,000 returned.<\/p>\n<p>Trader and analyst Matthew Hyland joined those forecasting new all-time highs in Q2 in his latest video update.<\/p>\n<p>$160,000 or other \u201ccrazy numbers,\u201d he said, could come into play if bulls stay in control and a key leading indicator, the relative strength index (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\">RSI<\/a>), supports further upside.<\/p>\n<p>\u201cI actually do think that there is a high chance that Bitcoin will end up breaking through these highs,\u201d he concluded.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> &amp; <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\">#ETH<\/a> Update: <a href=\"https:\/\/t.co\/ovRS9pN0aj\">pic.twitter.com\/ovRS9pN0aj<\/a><\/p>\n<p>\u2014 Matthew Hyland (@MatthewHyland_) <a href=\"https:\/\/twitter.com\/MatthewHyland_\/status\/1920667539102986712?ref_src=twsrc%5Etfw\">May 9, 2025<\/a><\/p><\/blockquote>\n<h2>Bitcoin halts progress at stubborn resistance<\/h2>\n<p>On shorter timeframes, popular trader Skew sounded the alarm over profit-taking being in full swing at $103,000, itself a key long-term resistance zone.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-eyes-sub-100k-liquidity-watch-these-btc-price-levels-next\" rel=\"null\" target=\"null\" title=\"null\"><em><strong>Bitcoin eyes sub-$100K liquidity \u2014 Watch these BTC price levels next<\/strong><\/em><\/a><\/p>\n<p>\u201cStarting to see some profits taking here, likely from a large trader. Passively selling BTC into price here &amp; closing out longs,\u201d he <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/52kskew\/status\/1920833064277856420\" rel=\"null\" target=\"null\" title=\"null\">explained<\/a> on the day.<\/p>\n<blockquote><p>\u201cLogically makes sense given BTC is trading around HTF Supply &amp; Resistance $103K &#8211; $104K.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" alt=\"Is Bitcoin about to go parabolic? BTC price targets include $160K next\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196b579-58e7-759f-8cdf-bd854d7866fa\" title=\"\" \/><figcaption><em>BTC\/USD vs. S&amp;P 500 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>US stock markets were flat at the Wall Street open, with Skew suggesting their behavior may spill over into crypto.<\/p>\n<p>\u201cIn terms of current underlying flow, market remains correlated to tradfi so keep an eye on performance today into close,\u201d he added.<\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Key points: Bitcoin continues to attack a key resistance zone below all-time highs. \u201cParabolic\u201d BTC price talk begins to resurface as bulls hold six figures after the Wall Street open. Signs of profit-taking are increasing amid the highest prices since January. Bitcoin (BTC) is attracting \u201cparabolic\u201d price targets as bulls continue to hold six figures [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":446,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts\/445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=445"}],"version-history":[{"count":0,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts\/445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/media\/446"}],"wp:attachment":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}