Bitcoin traders set $88K target as market bias finally tilts toward bulls
By Anonymous
Bitcoin holding above $72,000, along with a sharp uptick in whale activity, suggests traders may target the supply zone at $88,000.
Mirroring a breakout setup from Q2 2025, Bitcoin (BTC) is now eyeing a possible rally toward the $86,000–$90,000 range over the next few weeks.
The bullish view is supported by robust Bitcoin whale activity and large BTC inflows to exchanges, which have dropped by $5 billion over the past two months.
Bitcoin reached a weekly high of $73,255 on Friday after testing the $72,000 level earlier in the week, with the price compressing between $70,000 and $72,000 over the past four days. The higher price range is showing more stability for BTC than in March, when BTC quickly corrected after reaching the key level.
The 30-day rolling volume-weighted average price (VWAP), which indicates where most recent trading activity has occurred, and the 50-day moving average have converged below the price, forming a dynamic support base.
Currently, the $76,000 level marks the upper boundary of a 64-day sideways phase. A push above this level aligns with the descending trendline formed after the October highs near $126,000.
A breakout from this trend may signal a major shift and remove the psychological barrier that capped rallies over the past few months.
In Q2 2025, a similar setup formed after a prolonged compression below the moving averages. Once the price cleared the descending trendline, it expanded quickly into the next supply zone.
The current structure mirrors that sequence, with liquidity stacked between $86,000 and $90,000. This indicates a clean path for price expansion once the bearish trendline gives way.
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Crypto analyst Amr Taha noted that the 30-day Bitcoin inflows to exchanges from whales dropped to $2.96 billion, the first sub-$3 billion reading since June 2025.
The lower inflows reduce immediate sell-side pressure on exchanges. For context, the whale inflows to exchanges were as high as $8 billion in February.
At the same time, the long-term holder realized cap change reached $49 billion on April 9, marking renewed accumulation.
Taha noted a transfer of supply from weaker to stronger hands across these metrics. The divergence highlights steady absorption rather than aggressive selling.
Additionally, whale-sized orders of $1 million to $10 million pushed the spot cumulative volume delta (CVD) above $600 million on April 9, while market analyst CW pointed to renewed buying from other whale cohorts as well.
This activity coincides with price stabilization above $70,000. The $76,000 level now acts as a trigger zone, with the $86,000 to $90,000 range holding a visible, concentrated liquidity zone.
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Source: CoinTelegraph
