Bitcoin (BTC) reached record highs in early March before experiencing a significant correction and entering a phase of consolidation. As the Bitcoin halving approaches, which is less than a month away, many market participants are speculating on whether the market has reached its peak or if there will be another surge, and if so, when it is likely to occur.
To address these questions, a recent video from Cointelegraph features insights from 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 presents different scenarios.
While there are varying viewpoints, the experts generally agree that there will likely be a period of consolidation for a few months before Bitcoin resumes its upward trajectory. Similar to previous cycles, the experts believe 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 a deeper understanding of the future direction of the Bitcoin market in the coming weeks and months, be sure to watch the full interview on the Cointelegraph YouTube channel, and don’t forget to subscribe.