Market sentiment shifts to bullish, traders set Bitcoin target price at $88,000

On April 11, according to Cointelegraph, against the backdrop of a significant rebound in Bitcoin whale activity and a sharp decline in exchange inflows, 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, before reaching a weekly high of $73,255 on Friday. The current price structure resembles the trend leading to a breakout in Q2 2025—at that time, after long-term sideways movement below the moving average, a quick surge occurred once the price broke above the downtrend line into the next supply zone. Currently, $76,000 is a key trigger level, which also corresponds to the upper boundary of the downtrend line 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, crypto analyst Amr Taha pointed out that in the past 30 days, Bitcoin whale inflows to exchanges dropped to $2.96 billion, falling below $3 billion for the first time 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 re-accumulation behavior has restarted. Taha stated that these indicators collectively reflect a transfer of chips from weak hands to strong hands, showing steady accumulation rather than active selling. CoinGlass liquidity map shows a large amount of visible liquidity concentrated in the $86,000 to $90,000 range. $BTC
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