Market sentiment shifts to bullish, traders set Bitcoin target price at $88,000#Gate上线Pre-IPOs

On April 11, according to Cointelegraph, amid a significant rebound in Bitcoin whale activity and a sharp decline in exchange inflows, traders are setting the Bitcoin target price at $88,000.

This week, Bitcoin's price experienced four days of consolidation between $70,000 and $72,000, before reaching a weekly high of $73,255 on Friday. The current price structure resembles the trend leading to a breakout in Q2 2025—after a prolonged sideways movement below the moving averages, a quick surge occurred once the downward trendline was broken. Currently, $76,000 is a key trigger level, which also corresponds to the upper boundary of the descending trendline formed since Bitcoin's high near $126,000. Once broken, the psychological resistance that has suppressed rebounds for months may be eliminated.

On-chain data shows that, according to crypto analyst Amr Taha, Bitcoin whale inflows to exchanges over the past 30 days dropped to $2.96 billion, the first time below $3 billion since June 2025, after reaching as high as $8 billion in February this year; meanwhile, on April 9, long-term holders realized a market value change of $49 billion, indicating a restart of accumulation behavior. Taha stated that these indicators collectively reflect a shift of chips from weak hands to strong hands, showing steady accumulation rather than active selling. CoinGlass liquidity map indicates that a large amount of visible liquidity is concentrated in the $86,000 to $90,000 range.