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As we close out the long weekend, it’s been a quiet 24 hours across the board. With no major geopolitical developments and traditional markets still closed, crypto lacked any real catalyst—leaving price action mostly muted.
That said, Bitcoin is now attempting to break out of its tight nine-day consolidation range, having closed yesterday just 0.11% higher. Altcoins, by contrast, ended slightly in the red. BTC has spent over a week trading within a narrow 3% band, but price action at the time of writing marks a third attempt to push above the upper boundary—potentially signalling the end of this consolidation phase.
Stormrake Spotlight: Ripple (XRP) ($2.08)
Stormrake Spotlight: Ripple (XRP) ($2.08)
Ripple’s price action remains familiar—consolidation beneath the 21EMA, which continues to act as short-term resistance. XRP still trades above the key support at $1.98 and both 200-day moving averages. Unless we see a sharp shift or unexpected news, this support zone is likely to hold, keeping the structure intact.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin is now attempting to break out of its nine-day consolidation range, pushing above the top CPR resistance at $85.8K. Previous attempts at this level have failed to hold, but should we see sustained price action above this threshold, it opens the door to a potential move back toward the $90K region in the days ahead.
BTC Total ETF Flows for 20 April: $ (data not available at the time of writing)
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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