After soaring to record highs in early March, Bitcoin (BTC) suffered a sharp decline and subsequently entered a phase of consolidation. As the Bitcoin halving approaches in less than a month, many participants in the market are speculating whether this is the peak or if there is another surge on the horizon, and if so, when it is likely to occur.
To address these queries, the latest Cointelegraph video compiles 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 assesses various scenarios. Despite differing perspectives, most of them concur that there will probably be a period of consolidation for several months before Bitcoin resumes its upward trajectory. Similar to past cycles, the experts agree that the Bitcoin halving will not have a significant short-term impact on prices but will wield significant influence in the long run.
To learn more about the future direction of the Bitcoin market in the coming weeks and months, make sure not to miss the comprehensive interview on the Cointelegraph YouTube channel and remember to subscribe.