#Gate广场四月发帖挑战 Bitcoin breaks through $73,000, CPI data below expectations drives market rally

According to Cointelegraph, Bitcoin price broke the $73,000 threshold on Friday, mainly influenced by U.S. March CPI data being below market expectations.
Key data:
In March, the U.S. energy index rose 10.9%, gasoline prices increased by 21.2% month-on-month, marking the largest monthly increase since 1967. Despite the sharp rise in energy prices, overall CPI remained below expectations.
Market analysts believe that CPI data below expectations eased concerns about inflation pressures, providing room for risk assets to rebound.
📈 Market depth analysis
Market sentiment turned bullish, with target prices directly aiming at $88,000.
Against the backdrop of a significant rebound in whale activity and a sharp decline in inflows on trading platforms, traders are setting Bitcoin’s target at $88,000.
Technical analysis:
After consolidating in the $70,000-$72,000 range for four days this week, Bitcoin reached a weekly high of $73,255 on Friday.
The current price structure is similar to the breakout trend in Q2 2025, with $76,000 as a key trigger point, corresponding to the downtrend line since the peak of $126,000.
On-chain data highlights:
Over the past 30 days, Bitcoin whale inflows to exchanges dropped to $2.96 billion, the first time below $3 billion since June 2025.
Long-term holders realized a market value change of $49 billion on April 9, indicating re-accumulation behavior.
Crypto analyst Amr Taha stated: "These indicators collectively reflect a transfer of chips from weak hands to strong hands, showing steady accumulation rather than active selling."
CoinGlass liquidity map shows a large amount of visible liquidity concentrated in the $86,000 to $90,000 range.
Tom Lee: Market may have bottomed out, focus on leading assets since the war
Tom Lee, Chairman of Bitmine, said on X platform that although overall market sentiment remains skeptical, increasing signs indicate that the current market "bottom has appeared."
Tom Lee’s investment advice:
Primary: Ethereum and related assets (ETHA, BMNR)
Secondary: Bitcoin and its ETFs (IBIT)
He emphasized that Ethereum has shown relative strength during geopolitical conflicts, becoming a "barometer" of market resilience. Cryptocurrencies have proven to be a "wartime store of value."