Bitcoin (BTC) reached record highs in early March but then experienced a significant correction and entered a period of consolidation. As the Bitcoin halving approaches, which is less than a month away, many market participants are speculating whether this is the peak or if there will be another surge, and if so, when it will occur.
To address these questions, Cointelegraph has gathered the opinions 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 assessment of the factors behind the recent correction and evaluates different scenarios. While their perspectives differ, most agree that there will likely be a period of consolidation lasting a few months before Bitcoin resumes its upward trajectory. Similar to previous cycles, the experts concur that the Bitcoin halving will not have a significant short-term impact on prices but will play a crucial role in the long term.
To gain insights into the future direction of the Bitcoin market in the coming weeks and months, watch the full interview on the Cointelegraph YouTube channel. Don’t forget to subscribe!