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

April 11 — Per Cointelegraph, traders are eyeing $88k for Bitcoin amid a notable uptick in whale activity and a sharp decline in exchange inflows. This week, Bitcoin hit a weekly high of $73,255 on Friday after four days of consolidation between $70k and $72k. The current price setup mirrors the breakout rally from Q2 2025: back then, after prolonged consolidation below its moving average, BTC surged quickly to the next supply zone once it broke above the downtrend line. The key trigger level now sits at $76k — that’s also the upper trendline drawn from BTC’s ~$126k peak, from which the token has been declining. A break above this level could clear the psychological resistance that’s capped rebounds for months. On-chain data: Crypto analyst Amr Taha notes that Bitcoin whale inflows to exchanges hit $2.96 billion over the past 30 days — the first time that figure has dipped below $3 billion since June 2025 (it peaked at $8 billion in February this year). Meanwhile, on April 9, long-term holders (LTHs) saw a $49 billion change in realized market value, signaling a restart of accumulation. Taha says these indicators collectively show a shift of capital from weak hands to strong hands — steady accumulation, not active selling. CoinGlass liquidity data shows a notable concentration of liquidity in the $86k-$90k range.