Bitcoin has stabilized above 100,000 for three consecutive days! Analysts: BTC may welcome a "parabolic rise", with the coin price surging to 160,000 or higher.

The cryptocurrency market has recently recovered across the board, with Bitcoin (BTC) holding above $100,000 for three consecutive days, and the market sentiment has turned more optimistic. Some analysts even assert that bitcoin may rush to $160,000, or higher. (Synopsis: Bitcoin soared by 104,000" U.S.-UK TARIFF AGREEMENT + TRUMP'S GOODWILL TO CHINA, AND THE FOUR MAJOR INDEXES OF U.S. STOCKS ROSE TOGETHER) (Background supplement: Bitcoin's market value returns to $2 trillion, surpassing e-commerce leader Amazon (Amazon) to become the world's fifth largest asset) The cryptocurrency market has fully recovered recently, and Bitcoin (BTC) has stood above $100,000 for three consecutive days. Market sentiment turned more optimistic. Against this background, analysts and traders are now optimistic that bitcoin may usher in a new round of "parabolic" rise. Analyst: Bitcoin looks at $160,000 Against this background, well-known economist Aksel Kibar said through the X platform yesterday (9) that the rise of bitcoin can be traced back to the price breakthrough in November 2024. He noted that the monthly movement at that time formed a clear breakout signal on the long-term chart. At that time, Kibar predicted that the next target price of bitcoin would be $137,000. November 2024 monthly candle was the breakout signal on long-term charts. $BTCUSD pic.twitter.com/wMjGBtp6WI — Aksel Kibar, CMT (@TechCharts) May 9, 2025 Not only that, but trader and analyst Matthew Hyland's forecast is more positive. He said in his latest video analysis that if bullish sentiment continues to dominate the market and the key leading indicator Relative Strength Index (RSI) continues to support the upward momentum, bitcoin may hit a new all-time high in the second quarter, or even look up to $160,000 or other crazier numbers. Hyland concludes optimistically: I do think Bitcoin has a good chance of breaking these highs. #BTC & #ETH Update: pic.twitter.com/ovRS9pN0aj — Matthew Hyland (@MatthewHyland_) May 9, 2025 Short-term profit-taking occurs However, the current market is not without concerns. For example, Skew, a well-known trader, has warned that bitcoin is currently in the key long-term resistance range of $103,000 to $104,000 and is under pressure to take profits across the board. He explained: "We are starting to see some profit-taking behavior, it may be that a large trader is passively selling BTC and closing a long position. Skew further noted that such market behavior is logically justified considering that Bitcoin is currently in the supply and resistance zone of a high time frame. At the same time, he warned that the current performance of the US stock market is flat, and its trend may affect the crypto market, and investors should also pay close attention to the movements of traditional financial markets. $BTCStarting to see some profits taking here, likely from a large trader Passively selling BTC into price here & closing out longs Logically makes sense given BTC is trading around HTF Supply & Resistance $103K – $104K In terms of current underlying flow, market remains… pic.twitter.com/JE4OoHyzzX — Skew Δ (@52kskew) May 9, 2025 Related Stories Fast food chain Steak'n Shake stores across the U.S. will accept bitcoin payments News» Bitcoin breaks the $100,000 mark! Trump choked Fed chairman "did not cut interest rates" Trump's second son confirmed holding a large amount of bitcoin: my father also holds a lot, optimistic about BTC into digital gold "Bitcoin stood firm at 100,000 magnesium for three consecutive days! Analyst: BTC may usher in a "parabolic rise", and the coin price rushes to 160,000 magnesium or higher" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".