#创作者成长激励计划  Bitcoin Rushes to $95,000 Target with $1.8 Billion ETF Inflows

Bitcoin’s recent rally has confirmed a significant bullish pattern. It has provided more optimism for the coin’s price journey.

Whales are actively accumulating and demand for Bitcoin (ETFs) has increased. This is fueling Bitcoin’s rally. With significant inflows from the ETF market, Bitcoin is set to reach new highs in the near future.

Bitcoin Whales Accumulate Heavily

Whale activity continues to be a major driver behind Bitcoin’s price rally. According to the trend accumulation score, investors holding more than 10,000 BTC are showing a nearly perfect accumulation score of 0.9. This signals strong optimism among large investors.

This accumulation suggests that whales are anticipating continued upward momentum and are positioning for further gains.

Investors holding between 1,000 and 10,000 BTC are also actively participating. They are showing a slightly lower accumulation score of 0.7. This suggests that smaller but still significant players are following in the footsteps of the whales and contributing to the overall positive sentiment around Bitcoin.

The confidence displayed by these large investors suggests that Bitcoin demand will continue to grow, potentially pushing prices even higher.

The macro momentum for Bitcoin is increasingly favorable, particularly due to recent spot ETF flows. Over the past two days, Bitcoin has seen $1.8 billion worth of inflows. $912 million flowed into Bitcoin ETFs on April 22, followed by $917 million on April 23. This marks the highest single-day inflows in more than five months.

These significant inflows are a clear indication of increasing demand and reflect investor confidence in Bitcoin’s long-term potential.

These large inflows from both institutional and retail investors indicate a broader shift in Bitcoin’s market sentiment. As demand for Bitcoin ETFs increases, so does the potential for Bitcoin’s price to rise. The increased investment in ETFs is creating a positive feedback loop that will likely push the price even higher in the short term.

BTC Price Targets $95,000

Currently, Bitcoin’s price is trading at $92,347, just below the $93,625 resistance. Despite recent attempts, Bitcoin has yet to break through this important level. However, with the recent breakout and favorable market conditions, Bitcoin is expected to break through this resistance in the near future.

The cryptocurrency confirmed the double bottom pattern earlier this week and is up 10% in just two days. This breakout reinforces the bullish outlook. The combination of whale accumulation and ETF inflows could help Bitcoin break through the $93,625 resistance.

A successful breakout could push Bitcoin into the $95,000 range and potentially towards the $95,761 resistance.

However, if BTC breaks out of its bullish momentum and breaks below the $89,800 support, it could trigger a bearish reversal.

A drop below this support level could invalidate the bullish view. In short, it could take Bitcoin’s price down to $86,822 and erase recent gains.