Bitcoin‘s Bullish Charge: Parabolic Targets Emerge
Bitcoin (BTC) is once again in the spotlight as it breaks through key resistance levels, reigniting talk of a parabolic price surge. Bulls have been celebrating the six-figure price tag, with some analysts predicting even more significant gains in the near future.
Data from Cointelegraph Markets Pro and TradingView shows Bitcoin‘s recent ascent, reaching its highest point since January, a clear departure from the prolonged downtrend that characterized much of 2025. This upward trajectory has rekindled confidence in the Bitcoin bull market, with some analysts seeing it as a confirmation of a long-term breakout.
“November 2024 monthly candle was the breakout signal on long-term charts,” noted popular economist Aksel Kibar, who sees this recent move as a confirmation of a long-term breakout similar to those seen in the past. Kibar maintains his existing $137,000 price target based on this analysis.
Analysts Predict Exponential Growth, Citing Historical Trends
However, even more bullish forecasts are emerging, with several analysts predicting an exponential price rise. Crypto entrepreneur and investor Jason Williams believes “Bitcoin is going exponential,” reflecting the recent surge past the $100,000 mark. Meanwhile, trader and analyst Matthew Hyland suggests that “crazy numbers,” including a potential $160,000 price target, could be in play if the current bullish momentum continues.
Hyland highlights the relative strength index (RSI) as a key indicator to watch, emphasizing its role in determining the sustainability of the current upward trend. He believes there is a high chance that Bitcoin will break through previous all-time highs, fueled by the prevailing bullish sentiment.
Profit-Taking and Resistance Levels Present Challenges
While many analysts are bullish, it’s important to note that potential roadblocks exist. Popular trader Skew has observed profit-taking activity around the $103,000 level, a key long-term resistance zone. He believes large traders are actively selling BTC, potentially closing out long positions, suggesting that some investors are taking profits amidst the recent price gains.
Skew also highlights the correlation between crypto markets and traditional finance (TradFi), emphasizing the need to monitor the performance of US stock markets. The flat Wall Street open may have implications for Bitcoin‘s price movement, suggesting potential volatility and a need for caution.
Conclusion: Parabolic Potential Meets Resistance
Bitcoin‘s recent price surge has ignited talk of a parabolic run, with analysts predicting price targets as high as $160,000. However, it is important to consider the potential for profit-taking and resistance levels, which could dampen the momentum. The correlation with TradFi adds further uncertainty, highlighting the need for a cautious approach and comprehensive research before making any investment decisions.
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.
