Bitcoin recently experienced a significant correction after reaching record highs in early March. As the Bitcoin halving approaches, many traders and investors are speculating on whether the market has reached its peak or if there is still room for further growth, and if so, when the next upward movement will occur.
To shed light on these questions, Cointelegraph has gathered 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 behind the recent correction and presents different scenarios for the future. Despite their differing viewpoints, the majority of experts believe that there will be a period of consolidation in the coming months before Bitcoin resumes its upward trajectory. They also agree that while the Bitcoin halving may not have an immediate impact on prices, it will play a significant role in the long term, as observed in previous market cycles.
To discover more about the future direction of the Bitcoin market in the coming weeks and months, watch the complete interview on the Cointelegraph YouTube channel. Don’t forget to subscribe to stay informed.