Bitcoin (BTC) has experienced a significant correction after reaching new highs in early March, followed by a period of consolidation. As the Bitcoin halving approaches, market participants are speculating whether this is the top or if there will be another upward movement, and if so, when it will occur.
To shed light on these questions, Cointelegraph has gathered the opinions 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 their assessment of the factors contributing to the recent correction and evaluates various scenarios.
While there are differing viewpoints, most experts agree that Bitcoin will likely experience a period of consolidation for a few months before resuming its upward trend. Similar to previous cycles, the experts 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 the future direction of the Bitcoin market in the coming weeks and months, watch the full interview on the Cointelegraph YouTube channel and make sure to subscribe.