Bitcoin (BTC) price has recently reached record highs, but some indicators suggest a short-term correction could be imminent. 📉

- BTC’s Relative Strength Index (RSI) is at 77, indicating an overbought signal.

- Market Cap/Realized Value (MVRV) is at 2.6, indicating a potential pullback.

- Network Cap/Metcalfe Ratio (NVM) is at 1.24, indicating a bearish trend.

- The Extreme Greed Index indicates that the market is overly optimistic. 🤑