I have a new problem on my bike which occured after patching my inner tube. Since I put the patch on, my tire is pushed out away from the rim near the intake valve (not near the patch). In the picture below, you can see the inner tube between the rim and the tire (partially hidden from view by snow). This is the case only on that spot, and only on that side. I can still ride the bike (I've been riding it like this for two days) but I can feel a small bump every time my wheel make a full rotation. Mostly, I'm afraid it will break soon.
The question: What's causing this problem and how can I solve it?