Following its record-breaking surge in early March, Bitcoin (BTC) underwent a significant correction before entering a phase of consolidation. As the Bitcoin halving approaches in less than a month, traders and investors are speculating whether this marks the top of the market or if there is still room for another upward movement, and if so, when it is likely to occur.
In order to shed some 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 provides an analysis of the factors that led to the recent correction and evaluates various scenarios. While their perspectives may differ, most of them agree that there will be a period of consolidation lasting a few months before Bitcoin resumes its upward trajectory. Similar to previous cycles, the experts concur that the Bitcoin halving is not expected to have a significant short-term impact on prices, but will play a crucial role in the long run.
To gain a deeper understanding of the future direction of the Bitcoin market in the coming weeks and months, be sure to watch the full interview on the Cointelegraph YouTube channel. Don’t forget to subscribe to stay up to date with the latest developments.