After surging to record highs in early March, Bitcoin (BTC) underwent a significant correction and has since entered a period of consolidation. As the Bitcoin halving approaches in less than a month, many market participants are speculating 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 inquiries, the latest 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 offers their analysis of the factors contributing to the recent correction and assesses various scenarios. Despite having differing viewpoints, the majority of experts believe that there will be a period of consolidation lasting a few months before Bitcoin resumes its upward trajectory. They also agree that, similar to previous cycles, 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 further insight into 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 subscribe to stay updated.