Date: 2025-05-09
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 ...
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