Bitcoin, which reached record highs in early March, recently experienced a significant correction followed by a period of consolidation. As the Bitcoin halving event approaches, many investors are speculating on whether this marks the top of the cryptocurrency’s rally or if there is still room for another upward movement. In order to shed light on these questions, Cointelegraph has gathered insights from four market experts: Alessio Rastani, a professional trader; Marcel Pechman, an analyst at Cointelegraph; Scott Melker, a popular YouTuber; and Michaël van de Poppe, a market analyst.
Each expert offers their analysis of the factors behind the recent correction and examines various scenarios. While their perspectives may differ, the consensus among them is that Bitcoin is likely to undergo a period of consolidation for a few months before resuming its upward trajectory. They draw parallels to previous market cycles, emphasizing that the Bitcoin halving is not expected to have a significant short-term impact on prices, but will play a crucial role in the long term.
To gain a comprehensive understanding of the future direction of the Bitcoin market in the coming weeks and months, it is recommended to watch the full interview on the Cointelegraph YouTube channel. Make sure to subscribe for more insightful content.