Bitcoin price is surging towards new highs, with bulls eyeing “parabolic” targets as the cryptocurrency continues to trade above six figures. The latest data from Cointelegraph Markets Pro and TradingView shows Bitcoin’s price hitting $104,332 on Bitstamp, the highest level since January. Market participants are regaining confidence in the broader Bitcoin bull market, with many analysts predicting further upside. Popular economist Aksel Kibar believes the November 2024 monthly candle signaled a breakout on long-term charts, reiterating his $137,000 price target. Other analysts, like crypto entrepreneur Jason Williams and trader Matthew Hyland, are forecasting even higher price levels, with targets of $160,000 or more if bullish momentum persists. However, profit-taking is increasing as Bitcoin faces resistance at around $103,000, a crucial level for long-term price action. Analysts are closely watching the behavior of US stock markets, as any movement there could impact the crypto market. It is essential to note that this article does not provide investment advice, and readers should conduct their research before making any financial decisions.