Crypto Market Opens Green, But Bitcoin Sell Signal Looms
Key Highlights:
* Bitcoin, Ethereum, XRP, and Dogecoin start the week with gains.
* BlackRock’s $239M BTC buy fuels bullish sentiment.
* Analysts warn of short-term BTC pullback despite rally.
The crypto market kicked off the week on a high note, with major assets flashing green. However, technical indicators suggest Bitcoin may face a short-term correction, even as institutional interest surges.
Bitcoin’s Rally Faces Resistance
Despite a 2.3% market cap boost and BlackRock’s massive $BTC purchase, Bitcoin is flashing a sell signal on hourly charts, hinting at a potential dip.
Altcoins Show Strength, But Caution Persists
$ETH and $XRP are testing key levels, while Dogecoin eyes a bullish reversal. Still, analysts urge caution as large transaction volumes and active addresses decline across the board.
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