Bitcoin is currently testing a key resistance zone below its all-time highs, with discussions about a potential parabolic price increase resurfacing as bulls maintain positions above $100,000. On May 9, the price reached $104,332 on Bitstamp, the highest since January, indicating a shift from the downturn experienced earlier in 2025. Some market participants believe that November 2024 was a breakout signal and have high hopes for new all-time highs this quarter. Predictions for Bitcoin's price range from $160,000 to other high targets depending on market control and key indicators like the relative strength index. However, profit-taking signals emerged at the $103,000 mark, leading to caution among traders. Observations suggest that there is correlation between crypto and stock market behaviors, particularly as US stock markets remain flat. Overall, while optimism grows for Bitcoin's trajectory, vigilance due to profit-taking and market conditions is advised.

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