Bitcoin may be on the brink of a significant correction, according to veteran on-chain analyst Willy Woo. Woo, addressing his followers on social media, warned that Bitcoin has until Monday to avoid a bearish divergence on the weekly chart, a pattern that could signal weakening bullish momentum. This divergence occurs when Bitcoin's price hits higher highs, but indicators like the relative strength index (RSI) show lower highs. Woo's analysis, derived from data by Bitcoin Vector, suggests that Bitcoin might be 'equalizing' after its recent rapid rally. He also emphasized that Bitcoin's price is increasingly swayed by global macroeconomic factors rather than its traditional four-year halving cycles. Currently, Bitcoin is trading at $104,737.