Bitcoin (BTC) reached record highs in early March but then experienced a significant correction before entering a period of consolidation. As the Bitcoin halving approaches, many in the market are pondering whether the peak has been reached or if there is still room for growth, and if so, when the next upward movement is likely to occur.
In order to address these inquiries, the latest Cointelegraph video brings together 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 their analysis of the factors contributing to the recent correction and also assesses various scenarios. While they may have different perspectives, the majority agree that there will probably be a period of consolidation for a few 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 discover 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, and remember to subscribe.