Crypto Market Sees Recovery with Bitcoin Near Breakout Point

The cryptocurrency market is extending its recovery this week, with Bitcoin (BTC) trading above $72,000 at press time on Monday. This follows a 10% rise last week, which has brought the Crypto King's price to within reach of its $78,258 breakout target.

According to technical analysis, a decisive break above the 50-day Exponential Moving Average (EMA) at $72,804 could confirm a breakout rally. The Moving Average Convergence Divergence (MACD) shows a steady increase and crosses above the zero line amid rising bullish histograms, indicating upside momentum.

Meanwhile, altcoins such as River (RIVER), LayerZero (ZRO), and Zcash (ZEC) are leading gains over the last 24 hours. River extends its recovery above $20 after a 37% rise last week, while LayerZero holds steady above $2.00 after a 9% jump on Sunday.