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The US-Iran talks are about to begin, and Trump is pressuring Israel not to attack Lebanon. It’s estimated that this war probably can’t continue. Market sentiment is turning bullish again, with calls for 88,000. But most people are bullish—could it still fall? I’m really worried.
Market sentiment shifts to bullish, traders set Bitcoin target price at $88,000
On April 11, according to Cointelegraph, amid a noticeable increase in whale activity and a significant drop in inflows to trading platforms, traders are setting Bitcoin’s target price at $88,000.
This week, Bitcoin’s price experienced four days of consolidation between $70,000 and $72,000, reaching a weekly high of $73,255 on Friday. The current price structure is similar to the trend leading to a breakout in Q2 2025—after long sideways trading below the moving average, a quick surge occurs once the downward trendline is broken. Currently, $76,000 is a key trigger level, which also corresponds to the upper boundary of the downward trendline formed since Bitcoin’s high near $126,000. Once broken, the psychological resistance that has suppressed rebounds for months may be eliminated.