Bitcoin Price Momentum Explodes After 2.4% Inflation Drop: Can BTC Break $84K Today?

The Bitcoin price is rapidly growing after a rebound from the $78,350 support level. The latest crypto news highlights how U.S. inflation and a global tariff pause are creating a volatile but increasingly optimistic backdrop. Despite ongoing institutional outflows, whales are leading a strong charge, positioning Bitcoin for a possible breakout toward $84,000, significantly boosting the Bitcoin price.

Whales Fuel Bitcoin Price Momentum Amid Inflation Surprise

The U.S. inflation rate unexpectedly dropped to 2.4%, cutting estimates and briefly weighing on the BTC price. However, Bitcoin is establishing firm support at $78,350 and reigniting Bitcoin price momentum.

On the 4-hour chart, a bullish double-bottom pattern emerged. It is further supported by the temporary global tariff suspension. Technical indicators add to the optimism as the MACD nears a bullish crossover. The SuperTrend indicator turned positive at $75,654. Meanwhile, whale wallets holding over 10 BTC surged by 132 in just one day. This is the strength behind the Bitcoin price outlook.

Chart 1 – Provided by Trojan 69420, published on TradingView, April 11, 2025.

Funding rates across major exchanges like Binance and Bybit have started to turn positive. This suggests that traders are willing to pay a premium to maintain long positions. These developments offer traders critical confirmation that traders are betting heavily on a sustained upward trajectory.

Institutional Hesitation Persists Amid On-Chain Strength

In the latest crypto news, institutional flows show continued caution. U.S. Bitcoin spot ETFs recorded a sixth straight day of net outflows, shedding nearly $149.66 million. Grayscale Mini Bitcoin Trust and Fidelity saw the largest redemptions. 

Large investor demand for Bitcoin is accelerating.

Balances of wallets holding 1K–10K BTC rising faster than their 30-day average.

Typically bullish, signals strong investor confidence. pic.twitter.com/hR5Rumj6A6

— CryptoQuant.com (@cryptoquant_com) April 10, 2025

CryptoQuant’s X tweet suggests that whale wallets holding between 1,000 and 10,000 BTC have boosted their holdings. Their current balance stands at 3.49 million BTC, rising above the 30-day moving average of 3.36 million BTC.

Futures markets also turned slightly bullish, with the long/short ratio on Coinglass climbing to 1.035. It is another subtle but important shift highlighted in crypto news. Derivatives markets are showing signs of recovery as well, hinting that deeper Bitcoin price momentum could soon unfold. It will happen, especially as macroeconomic risks temporarily ease. 

Bitcoin Price Outlook: Key Levels to Watch

Looking forward, the immediate focus is on the $81,595 resistance level. A breakout above this level could open the doors for a rally toward the critical $84,000 mark. It strongly validates the current Bitcoin price outlook.

If Bitcoin holds above $78,350, the bullish narrative remains intact. However, a drop below this support could send the BTC price down. It can go to the next major base around $74,892. As per the latest crypto news, market sentiment appears to favor bulls due to strong whale accumulation and improving futures dynamics.

An increase in buying volume during an upside breakout would add significant confirmation to the continuation of Bitcoin price momentum. The decreasing volume could signal potential exhaustion. Monitoring open interest in futures markets will also be critical in assessing the strength behind any upward move.

Final Takeaway: Next Bitcoin Rally Is Brewing

Despite ETF outflows and remaining institutional caution, Bitcoin price momentum shows impressive resilience. This is supported by whale activity and strengthening futures positions. With the positive signals across on-chain and derivatives data, Bitcoin could soon stage a significant move towards $84,000.

The broader macro backdrop, including stabilizing inflation and paused tariffs, continues to provide strong support for Bitcoin’s recovery. If these favorable conditions hold and whale accumulation keeps rising, the bulls could soon gain control. This would play a crucial role in shaping the next trend for the crypto market.