Bitcoin traders set $88K target as market bias finally tilts toward bulls
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.
BTC support cluster at $70,000 builds breakout pressure
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.
BTC/USDT on the four-hour chart. Source: Cointelegraph/TradingView
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.
BTC/USDT on the one-day chart. Source: Cointelegraph/TradingView
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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BTC whale flows signal supply absorption
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.
BTC whale-to-exchange flow on Binance. Source: CryptoQuant
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.
BTC CVD indicator for whale orders. Source: CW/X
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.
BTCUSDT liquidity map. Source: CoinGlass
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