Bitcoin Price Targeting $160K: Is a Parabolic Rise in the Horizon?

Bitcoin’s price is surging towards new heights, surpassing its all-time high ($4,500) and pushing into six-figure territory. This upward movement has revived talk of a potential parabolic surge, prompting analysts to discuss lofty price targets. 2025 saw a major break out on the monthly chart, with the November peak marking a significant turning point for long-term Bitcoin buyers. Data from Cointelegraph Markets Pro and TradingView reveals minimal consolidation in BTC/USD over the past 24 hours, leading to its highest levels since late January. This rally has fueled renewed optimism within the market, with economists and crypto experts predicting even further price appreciation.