Bitcoin's price surged 4.3% on May 9, crossing $100,000 for the first time since February. This increase led to $800 million in short liquidations, the largest since 2021. Analysts suggest that Bitcoin's price could target $182,200 based on a bullish pattern while predicting a potential peak of $1 million in 2025. The price peaked at $104,150 during trading, with rising investor sentiment reflected in the Crypto Fear & Greed Index moving from 65 to 73. Despite indications of overbought conditions, analysts noted strong support from moving averages and a bullish MACD. Various analysts set price targets, with some expecting a rally to $106,000 and others forecasting $170,000 if key levels are broken. Additionally, Binance's CEO predicts Bitcoin could reach between $500,000 and $1 million this cycle. A bullish flag pattern formed after Bitcoin's recent rise, indicating further upside potential. This content does not provide investment advice and encourages personal research.

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