Bitcoin Price Sell-Off Continues: Experts Predict Short-Lived Dip

Bitcoin's price has experienced a 5% drop in the last 24 hours, trading at $41,645, indicating a healthy correction. On-chain data and technical indicators suggest that Bitcoin still exhibits strength, with bulls aiming to push the price above $44,000. However, data analysis firms have highlighted exhaustion among bulls, indicating the need for a correction or slowdown. Bitcoin faces strong resistance at the $44,000 level, with on-chain data showing a significant number of sellers in that range. Despite the correction, Bitcoin's exchange outflows are increasing, suggesting a bullish sentiment among investors. Technical indicators and moving averages support the continuation of the upward trend, with buyers targeting a break above $44,000 and a potential rise to $50,000 in the near future.