The crypto market has moved to growth after a pause
Market picture
Total Crypto Market cap has increased by 2.8% in the last 24 hours to $3.07 trillion, reacting positively to the US-China trade talks scheduled for the weekend. The recent move above this round level was preceded by a two-week consolidation just below it. Technically, the market is also showing appreciation with a rise above the 200-day moving average. The next upside target is the $3.20 trillion area, where the market stayed for most of February.
Bitcoin has reached the $99K mark, last seen in early February. Technically, a Fibonacci extension has begun with a potential upside of 161.8% from the rally from 9 April to 2 May to above $112K. Reaching the April lows fits into a broader scenario of a…
