Bitcoin traders are setting their sights on a target price of $88,000, driven by a resurgence in whale activity and reduced exchange inflows. After consolidating between $70,000 and $72,000, Bitcoin hit a weekly high of $73,255 on Friday. The current price pattern mirrors a previous breakout in 2025, suggesting potential for a rapid surge if Bitcoin surpasses the $76,000 resistance level.
On-chain data reveals a significant drop in Bitcoin whale inflows to exchanges, falling to $2.96 billion over the past 30 days, the lowest since June 2025. This decline, alongside a $49 billion increase in the realized market cap for long-term holders, indicates a shift towards accumulation. Analysts note that liquidity is concentrated between $86,000 and $90,000, supporting the bullish outlook.
Bitcoin Eyes $88,000 as Whale Activity and Market Sentiment Improve
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