Bitcoin (BTC) has experienced a significant drop after reaching record highs in early March. As the highly anticipated Bitcoin halving approaches, market participants are speculating whether this marks the top or if there is still room for another upward movement. In a recent Cointelegraph video, four market experts, including professional trader Alessio Rastani, Cointelegraph analyst Marcel Pechman, YouTuber Scott Melker, and market analyst Michaël van de Poppe, share their insights on the matter.
Each expert provides their analysis of the factors leading to the recent correction and discusses various scenarios. While opinions differ, most agree that there will likely be a consolidation period lasting a few months before Bitcoin resumes its upward trajectory. Similar to previous cycles, the experts concur that the Bitcoin halving will not have a significant short-term impact on prices but will play a crucial role in the long run.
To gain a comprehensive understanding of the future direction of the Bitcoin market in the coming weeks and months, make sure to watch the full interview on the Cointelegraph YouTube channel. Don’t forget to subscribe for more updates.