Key points:
Bitcoin continues to attack a key resistance zone below all-time highs.
“Parabolic” 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 “parabolic” price targets as bulls continue to hold six figures on May 9.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price in line for “crazy numbers”
Data from Cointelegraph Markets Pro and TradingView shows barely any consolidation taking place on BTC/USD over the past 24 hours.
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.
Reacting, market participants have begun to restore their faith in the broader Bitcoin bull market.
“November 2024 monthly candle was the breakout signal on long-term charts,” popular