Analysis from various experts suggests that Bitcoin's price may experience a decline in the near future as its bullish momentum diminishes. The Bollinger Bands, a technical tool utilizing price volatility to identify potential trading points, indicate that investors typically buy near the lower band and sell near the upper band.

Experts anticipate increased daily volatility to position Bitcoin for a downward movement. Analyst Aqua believes that the Bollinger Band squeeze is releasing gradually, potentially leading to a price expansion up to $50,000.

Stockmarket Lizards predict further corrections despite the upcoming Bitcoin halving event, emphasizing that the bull market remains robust if taking a break. Analyst Tony Severino speculates based on historical trends that Bitcoin's price could undergo significant volatility, possibly reaching $53,000.

In the futures market, investor Rekt Capital highlights the importance of Bitcoin maintaining current support levels to prevent a significant decline. Material Indicators reveal strong buyer-side support levels below Bitcoin's current price, with support ranging from $59,000 to $61,000 and secondary support at $50,000.

CoinGlass reports that a drop in Bitcoin's price to $59,000 could lead to the liquidation of approximately $2.2 billion in long positions and a significant reduction in short positions. even a small increase in price to $65,000 could result in the liquidation of $551 million in short positions.