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On April 11, according to Cointelegraph, against the backdrop of a clear rebound in Bitcoin whale activity and a significant 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 is similar to the trend seen in the second quarter of 2025—after a prolonged sideways movement below the moving averages, 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.
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 transfer of chips from weak hands to strong hands, showing steady accumulation rather than active selling.
CoinGlass liquidity map shows that the $86,000 to $90,000 range contains a large amount of visible liquidity.