Bitcoin (BTC) recently experienced a significant drop after reaching its all-time high in early March. Since then, it has entered a period of consolidation, leaving market participants uncertain about the future. With the Bitcoin halving approaching in less than a month, experts are divided on whether the market has peaked or if there is another surge on the horizon, and if so, when it will occur.
To shed light on these questions, Cointelegraph has gathered the insights of four market experts: professional trader Alessio Rastani, Cointelegraph analyst Marcel Pechman, YouTuber Scott Melker, and market analyst Michaël van de Poppe. Each expert shares their analysis of the factors that led to the recent correction and assesses various scenarios. While there are differing opinions, most experts agree that Bitcoin will likely undergo a period of consolidation for several months before resuming its upward trajectory. Similar to previous cycles, they believe that the Bitcoin halving will not have a significant short-term impact on prices but will play a crucial role in the long run.
For a comprehensive understanding of where the Bitcoin market is heading in the coming weeks and months, make sure to watch the full interview on the Cointelegraph YouTube channel and subscribe to stay updated.