BlockBeats news, April 11, according to Cointelegraph, with a noticeable rebound in Bitcoin whale activity and a significant drop in exchange inflows, traders are setting a target price of $88,000 for Bitcoin.
After four days of consolidation between $70,000 and $72,000 this week, Bitcoin price hit a weekly high of $73,255 on Friday. The current price structure resembles the breakout pattern in the second quarter of 2025—where prices, after a prolonged sideways movement below moving averages, rapidly surged to the next supply zone upon breaking the downtrend line. Currently, $76,000 constitutes a key trigger level, which also aligns with the upper boundary of the downtrend line formed since Bitcoin’s peak around $126,000. A breakout here could eliminate the psychological resistance that has suppressed rebounds for months.
On-chain data: Crypto analyst Amr Taha points out that Bitcoin whale inflows to exchanges over the past 30 days have dropped to $2.96 billion, marking the first time below $3 billion since June 2025, while the figure reached as high as $8 billion in February this year. Meanwhile, on April 9, the change in realized market cap for long-term holders reached $49 billion, indicating a restart of accumulation behavior. Taha states that these metrics collectively reflect a transfer of chips from weak to strong hands, showing steady accumulation rather than active selling. CoinGlass liquidity heatmap shows concentrated visible liquidity in the $86,000 to $90,000 range.
