Bitcoin Marks Fifth Day of Sub-1% Moves

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.

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.

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