After reaching record-breaking heights in early March, Bitcoin (BTC) went through a steep correction and entered a phase of consolidation. As the Bitcoin halving approaches within the next month, many market participants are uncertain if the market has reached its peak or if there will be another surge. Furthermore, they are curious to know when the next upward movement is likely to occur.
To address these inquiries, the latest Cointelegraph video compiles the insights of four market experts: Alessio Rastani, a professional trader; Marcel Pechman, an analyst at Cointelegraph; Scott Melker, a popular YouTuber; and Michaël van de Poppe, a market analyst.
Each expert provides their analysis of the factors that contributed to the recent correction and assesses various scenarios. Despite differing viewpoints, the majority of experts believe that there will be a consolidation period lasting several 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 insight into the future direction of the Bitcoin market in the coming weeks and months, be sure to watch the complete interview on the Cointelegraph YouTube channel and subscribe to stay updated.