After surging to record highs in early March, Bitcoin (BTC) underwent a significant correction before entering a phase of consolidation. As the Bitcoin halving approaches with less than a month left, many market participants are speculating if this is the top or if there will be another upward movement, and if so, when it is likely to occur.
To shed light on these questions, the latest Cointelegraph video features insights from four market experts: professional trader Alessio Rastani, Cointelegraph analyst Marcel Pechman, YouTuber Scott Melker, and market analyst Michaël van de Poppe.
Each expert provides their analysis of the factors that led to the recent correction and evaluates different scenarios. While they may have varying perspectives, most of them agree that Bitcoin will likely experience a period of consolidation for several months before resuming its upward trajectory. They also concur that, similar to previous cycles, the Bitcoin halving will not have a significant short-term impact on prices but will play a crucial role in the long run.
To discover the future direction of the Bitcoin market in the coming weeks and months, watch the full interview on the Cointelegraph YouTube channel and be sure to subscribe.