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

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

This week, after four days of consolidation between $70,000 and $72,000, the Bitcoin price touched a weekly high of $73,255 on Friday. The current price structure is similar to the breakout trend in the second quarter of 2025—back then, after trading sideways below the moving average for a long period, the price rapidly surged to the next supply zone once breaking the downtrend line. Currently, $76,000 forms a key trigger level, which also corresponds to the upper trendline of the downtrend formed since Bitcoin's peak near $126,000. Once broken, the psychological resistance that has suppressed rebounds for the past few months may be eliminated.

In terms of on-chain data, crypto analyst Amr Taha pointed out that the Bitcoin whale inflows to exchanges in the past 30 days have dropped to $2.96 billion, falling below $3 billion for the first time since June 2025, while this data once reached as high as $8 billion in February this year. Meanwhile, on April 9th, long-term holders' realized market value change reached $49 billion, indicating a restart of accumulation behavior. Taha stated that the above indicators collectively reflect chips transitioning from weak hands to strong hands, showing a steady absorption of supply rather than active selling. The CoinGlass liquidity chart shows a concentration of significant visible liquidity in the $86,000 to $90,000 range.