After achieving record-breaking highs in early March, Bitcoin (BTC) went through a significant correction before entering a phase of consolidation. As the Bitcoin halving approaches, which is less than a month away, many participants in the market are speculating whether the market has reached its peak or if there will be another surge. Furthermore, they are also curious about when the next upward movement is expected to occur.
To address these questions, the latest Cointelegraph video has gathered insights from four market experts: Alessio Rastani, a professional trader; Marcel Pechman, an analyst at Cointelegraph; Scott Melker, a YouTuber; and Michaël van de Poppe, a market analyst.
Each expert provides their analysis on the factors behind the recent correction and assesses various scenarios. Despite differing viewpoints, most of them concur that there will likely be a consolidation period lasting a few months before Bitcoin resumes its upward trajectory. Similar to previous cycles, the experts agree 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 discover the future direction of the Bitcoin market in the coming weeks and months, do not miss the complete interview on the Cointelegraph YouTube channel. Remember to subscribe for more updates.