After hitting record highs in early March, Bitcoin (BTC) underwent a significant correction and entered a phase of consolidation. As the Bitcoin halving event approaches, which is less than a month away, many market participants are speculating whether this is the top or if there will be another surge, and if so, when it is likely to occur.
To address these inquiries, the most recent Cointelegraph video features 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 of the factors contributing to the recent correction and assesses different scenarios. Despite having different perspectives, most of them concur 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 agree that the Bitcoin halving event will not have a significant short-term impact on prices but will play a crucial role in the long run.
To discover the direction of the Bitcoin market in the upcoming weeks and months, make sure to watch the full interview on the Cointelegraph YouTube channel and remember to subscribe.