Experts predict a short-term correction in the price of bitcoin, based on technical analysis data. Several cryptocurrency market analysts have identified a number of technical indicators indicating a possible decline in the price of bitcoin in the near future.

Swissblock, a company specializing in cryptocurrency analysis, noted a bearish divergence on the 4-hour chart, where the price of bitcoin is rising and the relative strength index (RSI) is declining. This indicates a possible depletion of consumer activity and may lead to a decrease in the price of bitcoin.

The RSI is a momentum indicator that measures the rate of change in the price of an asset. Bearish divergence, characterized by an increase in the price of an asset while reducing the RSI, may indicate a possible end to the uptrend.

The charts provided by Swissblock show that the bitcoin price has reached the 89 mark, which signals an overheated market. It is predicted that the price may drop to $58-59 thousand in the near future.

Other analysts also pay attention to the formation of the "rising wedge" pattern on the bitcoin chart. This pattern often resolves in a bearish manner, signaling a possible reversal of the uptrend. In addition, there is a discrepancy between the ROC indicator and the general dynamics of bitcoin, which may indicate an increase in the downtrend and precede a price correction.

However, experts are confident that the correction will be short-term, given the influx of funds into bitcoin ETFs and constant purchases from major players such as MicroStrategy. Thus, even if a price correction occurs, it is likely that the bears will not be able to keep prices under pressure for a long time.