After reaching record highs in early March, the price of Bitcoin (BTC) suffered a steep decline and has since entered a period of consolidation. As the Bitcoin halving approaches, which is less than a month away, many investors are speculating whether this is the peak or if there will be another surge in price, and if so, when it is likely to occur.
To address these inquiries, a recent Cointelegraph video brings together 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 shares their analysis of the factors contributing to the recent correction and assesses various scenarios. Although their perspectives differ, they largely agree that there will probably be a period of consolidation lasting a few months before Bitcoin resumes its upward trajectory. Similar to past cycles, the experts concur that while the Bitcoin halving may not have an immediate impact on prices, it will play a significant role in the long term.
To discover the future trajectory of the Bitcoin market in the coming weeks and months, be sure to watch the complete interview on the Cointelegraph YouTube channel and remember to subscribe.