Bitcoin, Ethereum, XRP, Dogecoin Surge As Trader Eyes $88,000 For BTC To Touch 'New Higher High'

Cryptocurrency markets are trading higher on Tuesday as attention turns to President Trump’s tariff announcements on Wednesday.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 79.5% and daily active addresses up by 29.5%. Transactions greater than $100,000 are up from 6,309 to 10,147 in a single day. Exchanges netflows are down by 388.9%.
• Coinglass data reports 86,684 traders were liquidated in the past 24 hours for $240.13 million.
• Crypto chart analyst Ali Martinez noted that more than 21,000 Bitcoin have been moved to exchanges in the past 96 hours.

Notable Developments:

Top Losers:

Trader Notes: Crypto trader Jelle notes that Bitcoin is forming its first higher low in over two months.

A breakout above $88,000 would confirm a higher high, shifting the market structure bullish.

The key target is reclaiming the low $90,000s, where momentum could accelerate significantly.

Andrew Crypto highlights a critical diagonal resistance for both Bitcoin and Ethereum, suggesting that a clean break could lead to further upside relief.

Crypto trader Ansem expects Bitcoin to bottom in Q2, followed by a sideways range until year-end.

His long-term target stands at $250,000 by 2028.

In the short term, he is cautious, watching key support and resistance between $66,000 and $72,000.

In case a recission hits, the worst-case scenario is $50,000. However, the bearish view gets invalidated if BTC shows high time frame strength above $95,000.

Read Next: 

Image: Shutterstock