Stormrake - Insights #Easter BreakoutStormrake - Insights #Easter Breakouthttps://www.stormrake.com/blogs/tag/easter-breakoutFri, 01 May 2026 05:57:24 +1000http://zoho.com/sites/<![CDATA[Bitcoin Breakout: The $100K Chase is Back On]]>https://www.stormrake.com/blogs/post/Bitcoin-Breakout-The-100K-Chase-is-Back-On
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
Bitcoin has finally gotten its breakout day — up 7% on the day and back above $93K. We're now just 7% away from $100K once again — quite the turnaround considering Bitcoin was trading below $75K only two weeks ago. The breakout began with organic price action but gained real traction overnight, following news that US-China trade tensions may be cooling. Trump added fuel to the fire, confirming he has no plans to replace Jerome Powell, and reiterated once more that “now is a great time to cut rates.”

April has been a whirlwind for Bitcoin. From hitting $88K on Liberation Day, it dropped over 15% to a low of $74.5K — only to bounce 25% from that low. Just two weeks ago, sentiment was at rock bottom. The Fear & Greed Index was showing extreme fear, and the bear market narratives were back in full swing. Fast forward to today, and the Index reads 72 — clear greed. Many of those same voices have now flipped, calling for new highs.

But this wasn’t a universal rally. While crypto and traditional markets surged — the S&P 500 closed up 2.51% — gold pulled back, down over 4% from yesterday’s high. We’ve spoken frequently about Bitcoin’s recent decoupling from traditional risk-on assets, leaning more into gold’s risk-off narrative. Yet recent price action proves Bitcoin’s versatility. Since Liberation Day, in what has been largely a risk-off environment, Bitcoin is up 10%, gold up 8%, and the S&P500 down 5%. Overnight, conditions flipped to risk-on — gold dropped, while Bitcoin and equities pushed higher.

Bitcoin is now proving it can outperform in both market regimes. That versatility is what sets it apart.

As for altcoins — yes, there was a rally last night. Ethereum climbed 11%, Solana 8%, XRP 6%. But the broader altcoin market still lags. Most remain down since Liberation Day and well below their Q1 highs. Two clear exceptions are Sui and Ondo, which both broke higher yesterday — Sui jumped over 20% and both are trading above their 2nd April levels.

That’s why at Stormrake, we’ve kept emphasising the importance of Bitcoin accumulation — especially during the past fortnight when fear was at its peak. Those who stayed disciplined are not only sitting on healthy gains but have also had the opportunity to scoop up severely undervalued altcoin projects.

Stormrake Spotlight: Ripple (XRP) ($2.21)

Yesterday’s rally gave XRP the push it needed to finally break above the 21EMA, which had been capping price action for the past 10 days. This move confirms a bullish structure shift, with a higher low now in place at $2.

This is a strong technical development for XRP holders — but the next challenge is reclaiming momentum in favour of the bulls. That won’t come easy. Immediate resistance now sits overhead in the form of the 55EMA and the central pivot range (CPR). A decisive move through these levels would reinforce the bullish case and likely bring in fresh momentum.

However, if XRP faces rejection here, then the 21EMA becomes a critical level to hold. Maintaining that higher low will be essential to preserve the newly flipped bullish structure.

BTC/USD Key Levels and Price Action:

The breakout continues. I initially expected a retest of $90K, but Bitcoin has exceeded expectations — not only breaching that level but doing so faster than anticipated. BTC is now trading above both the first CPR resistance at $92.8K and a key level at $92.5K.

If Bitcoin can sustain above these levels, continuation higher is the likely path. Should BTC fail to hold here, we could see a pullback — first to the 21EMA, or deeper to the key support at $89.9K. That said, the current posture is very bullish. There’s nothing on this chart that looks bearish right now.

BTC Total ETF Flows for 21 April: $ + 719.2 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Thu, 24 Apr 2025 14:23:56 +1000<![CDATA[Easter Brings a Breakout: Bitcoin Surges, Gold Shines]]>https://www.stormrake.com/blogs/post/easter-brings-a-breakout-bitcoin-surges-gold-shinesHard money assets rally post-Easter as Bitcoin breaks out and Gold hits new highs.]]>
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
The Easter long weekend has wrapped up, and true hard money assets rallied. The US 10-Year Note yield has climbed back above 4.40%, helping both Gold and Bitcoin realign for the first time in months as risk-off safe havens. Bitcoin is now fast approaching $90K, while Gold has surged beyond $3,400.

In contrast, traditional risk-on markets have struggled—Nvidia and Amazon dropped 4.5% and 3.1%, respectively, over the past 24 hours. This price action highlights growing US dollar weakness and rising uncertainty across risk-on assets.

Not all crypto assets joined Bitcoin’s rally. While BTC moved higher, most majors lagged behind. Ethereum, Solana, Ripple, and Cardano all underperformed, with ETH and SOL both closing in the red. Alex Goldstein has suggested that one way to top up the government's Bitcoin reserves—without deploying USD—could be to liquidate altcoin holdings. That could explain the subdued performance across the majors.

The Trump vs Powell Showdown Intensifies

The ongoing battle over interest rates continues to unfold—Trump versus Powell. While this feud remains largely one-sided for now, Trump has intensified pressure on Fed Chair Jerome Powell, criticising the Fed's approach to rate decisions. Declaring that "there is virtually no inflation," Trump has branded Powell "Mr. Too Late" and a "Major Loser," demanding immediate rate cuts.

Speculation is mounting that Trump is exploring ways to replace Powell, although, as we covered last week, removing a sitting Fed Chair isn’t straightforward. Despite the pressure, the Federal Reserve remains unmoved, with markets pricing in a 97% chance of no change in the upcoming May meeting. This will no doubt further frustrate Trump. Current expectations still point to June as the earliest potential cut—likely the first of 2025. However, some analysts are now floating the possibility of a rate hike in September, should inflation data show signs of re-acceleration. The Fed, for now, remains firmly data-dependent.

Stormrake Spotlight: Ripple (XRP) ($2.08)

Despite Bitcoin’s breakout, XRP remained subdued, still trading below its 21EMA resistance. It managed to close just 0.33% higher after being up over 3% intraday. That resistance level held firm. XRP wasn’t alone—Ethereum and Solana also ended the day in the red, signalling a lack of broad-based follow-through.

BTC/USD Key Levels and Price Action:

Bitcoin has finally broken out of its nine-day consolidation range, decisively clearing all CPR resistance levels and flipping them into new support around $85.8K. With momentum now building, BTC looks poised to retest the next key level at $89.9K. The 21EMA and 55EMA are likely to act as dynamic support zones on any short-term pullback. A move towards $90K in the coming days looks increasingly probable.

BTC Total ETF Flows for 21 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.)
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 22 Apr 2025 12:15:11 +1000<![CDATA[Bitcoin Breakout Bid Marks End of Long Weekend]]>https://www.stormrake.com/blogs/post/Bitcoin-Breakout-Bid-Marks-End-of-Long-Weekend
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
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)

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:

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.)
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Mon, 21 Apr 2025 14:14:16 +1000