Easter Consolidation

19.04.25 08:01 AM By Stormrake

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Another quiet one across all markets — for the first time in a while, there were no tariff announcements, no inflation updates, no Trump headlines, and nothing major out of crypto. Even price action was muted. Bitcoin, Ethereum, Solana, and most major coins moved less than 1%, mirroring the traditional markets, where both the S&P 500 and Gold also fluctuated under 1%.

Bitcoin has now entered its seventh consecutive day locked in a range. With the absence of headlines and the tail-end of the public holiday period, the next few sessions are likely to deliver more of the same: low volume and sideways chop within the current structure.

Use the downtime over the Easter weekend to step away from the charts and enjoy the break — the market will still be here when you're back.

Stormrake Spotlight: Ripple (XRP) ($2.05)

XRP has had another sluggish week, printing a series of small daily red candles as it continues to drift lower beneath the 21 EMA. Yesterday’s 0.30% drop brings it closer to the bottom of its range, where a strong support zone is forming, backed by both the 200 EMAs and a historically reliable level. A reaction here could set the tone for the next move.

BTC/USD Key Levels and Price Action:

Bitcoin dipped 0.56% yesterday, continuing its slow grind within the broader range. It failed once again to breach resistance at $85.2K, with momentum now leaning slightly bearish. That said, the structure remains neutral — and with such low conviction, sentiment could flip in either direction at the drop of a headline.

BTC Total ETF Flows for 18 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.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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