$BTC

The cryptocurrency market starts in the green, but Bitcoin sell signals loom on the horizon

Key points:

* Bitcoin, Ethereum, XRP, and Dogecoin start the week with gains.

* BlackRock's $239 million Bitcoin purchase boosts positive sentiment.

* Analysts warn of a potential Bitcoin pullback in the short term despite the rise.

The cryptocurrency market began the week on a high note, with major assets flashing green. However, technical indicators suggest that Bitcoin may face a short-term correction, even with increasing institutional interest.

Bitcoin's rise faces resistance

Despite a 2.3% increase in its market value and BlackRock's massive purchase of $BTC , sell signals for Bitcoin are evident on hourly charts, indicating a potential decline.

Altcoins show strength, but caution remains

$ETH and $XRP are testing key levels, while Dogecoin awaits a bullish reversal. Nevertheless, analysts urge caution as large transaction volumes and active addresses decline across the board.