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A slow weekend of consolidation across Bitcoin and the broader crypto market. Saturday closed just 0.1% lower, and Sunday is set to close red for the second day running—down 0.66%. That marks five straight days of sub-1% moves following last week’s breakout candle.
We saw a similar stretch mid-April, when Bitcoin consolidated for nine days after rebounding from the $74K low. Could this be déjà vu? A quiet spell before the next leg higher—to $100K?
No major headlines over the weekend, but the week ahead brings key events for traditional markets. We’ll get US consumer confidence data—expected to dip further—along with critical job figures, a metric Powell heavily weighs when guiding rate decisions. Meanwhile, around 25% of S&P 500 companies are due to report earnings.
While crypto might shrug most of this off, traditional assets like the S&P 500 and gold are likely to react. This week could reveal whether Bitcoin continues behaving like a risk-on asset, mirroring equities, or pivots to act more like gold. April has seen it do a bit of both.
Stormrake Spotlight: Ripple (XRP) ($2.24)
Stormrake Spotlight: Ripple (XRP) ($2.24)
Despite Bitcoin’s pause, XRP is showing signs of strength—currently up 2.65%. It’s finally broken through the 55EMA and the first CPR resistance, levels that had capped it since Tuesday.
This kind of resilience during a BTC pullback is a positive sign. The structure remains bullish, and momentum is beginning to tilt in the bulls’ favour. The next hurdles lie at $2.33 and $2.45—key CPR levels to watch.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
After failing to push through the critical $95.7K resistance on Friday, BTC has printed a series of lower highs, threatening the bullish structure. Price has slipped below both the 21 and 55EMAs, with a potential bearish cross looming.
That said, the bullish bias holds as long as we don’t break below $91.6K. There’s immediate support in the $92.5K–$92.8K zone, which could offer a bounce if tested.
BTC Total ETF Flows for 27 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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