Following its record-breaking highs in early March, Bitcoin (BTC) experienced a significant decline and has since entered a period of consolidation. As the Bitcoin halving approaches in less than a month, many market participants are uncertain if this is the top or if there will be another upward movement, and if so, when it will occur.
To address these questions, a recent Cointelegraph video features insights from 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 reasons behind the recent correction and evaluates various scenarios. Although they have different perspectives, most of them believe that Bitcoin will likely experience a consolidation phase for a few months before resuming its upward trend. 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, watch the full interview on the Cointelegraph YouTube channel and remember to subscribe.