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Bitcoin has now marked its third consecutive day of positive candles, each moving less than 1% from its open. Since the 7% rally earlier this week, Bitcoin has only moved a combined 1.28% over the last three sessions — a sharp contrast and a clear sign of consolidation. As we noted yesterday, this kind of sideways action following a strong upward move is far more constructive than a pullback. We're seeing Bitcoin consolidate while gradually climbing, a bullish sign in itself.
Markets overall mirrored this subdued tone. Both Gold and the S&P 500 also moved less than 1% from their opens. No major headlines broke, though there were notable developments in the ongoing tariff saga. Trump remains firm on China, maintaining that no concessions will be made unless China acts first. Reports suggest China may exempt certain US imports from the sweeping 125% tariffs. Still, Trump reiterated that another tariff pause is unlikely and claimed it would be a “win” if the US were imposing 50% tariffs a year from now.
This leaves markets in a state of uncertainty — but this is where Bitcoin thrives. Whether in response to bullish “risk-on” pauses or bearish “risk-off” tariff headlines, Bitcoin has continued to perform. Uncertainty, as it stands, remains an ideal time to accumulate Bitcoin and select high-conviction altcoins.
Sui continues its impressive run, climbing another 5% yesterday, taking its return since Monday to a staggering 71%. These are the kinds of opportunities that reward early positioning in strong projects during quieter market periods.
Stormrake Spotlight: Ripple (XRP) ($2.18)
Stormrake Spotlight: Ripple (XRP) ($2.18)
XRP saw a modest 1.1% pullback and has slipped back below the 55EMA. The ongoing battle with this moving average continues, with neither bulls nor bears able to claim dominance. This range-bound action is forming a clear consolidation structure — one to watch closely.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin has reclaimed $95K and is now inching towards the key $100K level. Before it can get there, however, it needs to break through the critical resistance at $95.7K — a level it tested and rejected yesterday. Price bounced off the 21EMA, suggesting another attempt may be imminent. Should BTC clear this hurdle, the path to $100K opens up.
BTC Total ETF Flows for 25 April: $ + 139.9 million
(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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