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April

Despite already possessing more <a href="https://bitcoinist.com/bitcoin-the-ultimate-bitcoin-guide-for-new-cryptocurrency-investors/">Bitcoin</a> than over half the crypto community, numerous BTC whales continue to rapidly acquire the cryptocurrency. Thus, taking advantage of any slight dips in its price as <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-correction-68800/" rel="nofollow noopener" target="_blank">buying opportunities to purchase and HODL</a> the pioneer cryptocurrency.&nbsp; 
<h2 id="whale-appetite-for-bitcoin-continues-to-grow">Whale Appetite For Bitcoin Continues To Grow</h2> 
Usually, it might appear that <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-1-2-million-btc-spree/" rel="nofollow noopener" target="_blank">investors with minimal amounts of Bitcoin</a> would be the ones increasing their holdings by acquiring more of the cryptocurrency. However, recent data from CryptoQuant has <a href="https://x.com/cryptoquant_com/status/1777747704170635382?s=46" rel="nofollow" target="_blank">suggested</a> otherwise, indicating that the current demand for Bitcoin has actually been growing stronger from large-scale investors.&nbsp; 
According to the on-chain analytics provider, <a href="https://bitcoinist.com/bitcoin-demand-miner-issuance-unprecedented-degree/">BTC’s demand growth</a> has been around the highest ever, at 11% month on month. A significant portion of this demand comes from <a href="https://bitcoinist.com/bitcoin-whales-7-billion-shopping-spree-new-ath/">Bitcoin whales</a>, who have been accumulating the token at a rapid pace.&nbsp; 
Julio Monero, the Head of Research at CryptoQuant <a href="https://x.com/jjcmoreno/status/1778092192835268829?s=46" rel="nofollow" target="_blank">revealed</a> in a recent blog post that the BTC <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-halving-no-longer-driving/" rel="nofollow noopener" target="_blank">demand growth from large holders</a> has been one of the major catalysts triggering price rallies in the cryptocurrency. The report indicates the appetite for Bitcoin among these whales has surged to unprecedented levels, <a href="https://bitcoinist.com/bitcoin-open-interest-all-time-high-btc-72000/">underscoring the high value</a> and acceptance of this pioneer cryptocurrency.&nbsp; 
Furthermore, with the <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-halving-2900-blocks/" rel="nofollow noopener" target="_blank">Bitcoin halving event</a> fast approaching, the hype surrounding the cryptocurrency’s future outlook has been growing steadily. The cyclic halving event could be one of the potential reasons for <a href="https://bitcoinist.com/bitcoin-whales-go-shopping-purchase-6-16-billion/">large-scale investors displaying an insatiable thirst</a> for acquiring the cryptocurrency, as many crypto investors and analysts <a href="https://bitcoinist.com/why-bitcoin-halving-could-provide-a-big-boost-to-these-altcoins-growth/">anticipate</a> a bullish outlook for BTC following the halving event. 
<h2 id="crypto-analyst-reveals-btc-s-next-price-target">Crypto Analyst Reveals BTC’s Next Price Target</h2> 
On Tuesday, April 9, popular crypto analyst, Ali Martinez <a href="https://x.com/ali_charts/status/1777249436202082387?s=46" rel="nofollow" target="_blank">predicted</a> that Bitcoin could witness a surge to a new all-time high once it successfully breaks above $70,800. 
Sharing a price chart illustrating <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-reclaims-66k/" rel="nofollow noopener" target="_blank">BTC’s price movement</a> based on a technical pattern, Martinez expressed enthusiasm for a potential bullish breakout for the cryptocurrency. The crypto analyst disclosed that if BTC could maintain a price above $70,800, the cryptocurrency’s next target could become $85,000.&nbsp; 
Additionally, market intelligence platform Santiment has <a href="https://bitcoinist.com/bitcoin-fees-near-cycle-lows-halving-change-this/">revealed</a> that possible declines in Bitcoin’s price are presently viewed as “<a href="https://bitcoinist.com/bitcoin-huge-discount-pre-halving-dip-buy/">dip buy opportunities</a>,” as panic stays high to justify a potential recovery.&nbsp; 
At the time of writing Bitcoin is trading at $70,895, reflecting a 24-hour daily increase of 2.84% and a weekly increase of 6.94%, according to CoinMarketCap. The cryptocurrency has already successfully crossed Martinez’s $70,800 threshold, however, it remains to be seen if Bitcoin can effectively hold onto its new price point, to potentially amass gains up to $85,000. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/9UXALaoB/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1530">

Bitcoin At A Discount: Whales Continue To Gobble Up Every Price Dip

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