After reaching all-time highs in early March, Bitcoin (BTC) skilled a pointy correction after which entered a interval of consolidation. With lower than a month left earlier than the Bitcoin halving takes place, many market contributors are questioning whether or not the highest is in or if there can be one other leg up, and in that case, when the subsequent upward motion is prone to come.
To reply these questions, the newest Cointelegraph video gathers the opinions of 4 market consultants: skilled dealer Alessio Rastani, Cointelegraph analyst Marcel Pechman, YouTuber Scott Melker and market analyst Michaël van de Poppe.
Every knowledgeable provides their evaluation of the elements behind the newest correction and in addition evaluates completely different situations. Regardless of completely different factors of view, most of them agree that there’ll doubtless be a interval of consolidation for a number of months earlier than Bitcoin resumes its upward pattern. As in earlier cycles, the consultants agree that the Bitcoin halving gained’t have any main short-term impression on costs however will play a serious position in the long term.
To seek out out the place the Bitcoin market is heading within the subsequent weeks and months, don’t miss the complete interview on the Cointelegraph YouTube channel, and don’t overlook to subscribe.
