Bullish Sentiment Takes Over the Market, Traders Set Bitcoin Target Price at $88,000

BlockBeats News, April 11th, according to Cointelegraph, amidst a noticeable resurgence in Bitcoin whale activity and a significant drop in exchange inflows, traders are setting their Bitcoin price target at $88,000.

This week, after ranging between $70,000 and $72,000 for four days, the Bitcoin price hit a weekly high of $73,255 on Friday. The current price structure resembles the price action of the breakout rally in the second quarter of 2025 — back then, after a long consolidation below the moving average, the price rapidly surged to the next supply zone upon breaking the downtrend line. Currently, $76,000 serves as a key trigger level, corresponding to the upper trendline formed since Bitcoin's decline from the high near $126,000; once broken, the psychological resistance that suppressed rebounds for the past few months may dissipate.

On-chain data-wise, crypto analyst Amr Taha pointed out that whale inflows to exchanges in the past 30 days have dropped to $29.6 billion, falling below $30 billion for the first time since June 2025, whereas this metric reached as high as $80 billion in February this year. Meanwhile, on April 9th, long-term holders saw a realized market value change of $490 billion, indicating a restart of accumulation behavior. Taha stated that these indicators collectively reflect a transfer of chips from weak hands to strong hands, showing a trend of steady accumulation rather than active selling. The CoinGlass liquidity chart shows a concentration of significant visible liquidity in the $86,000 to $90,000 range.