Early in March, after hitting all-time highs, Bitcoin BTC tickers down $69,919 saw a severe drop before going into a consolidation phase. Many market players are unsure about whether the market has reached its peak or if there will be another leg up, and if so, when the next upward surge is likely to occur, as the Bitcoin halving is less than a month away.
Bitcoin Might Not Have A Significant Short-Term Impact But Has To Have A Huge Impact In The Long Run
In the most recent Cointelegraph video, four market experts—professional trader Alessio Rastani, Cointelegraph analyst Marcel Pechman, YouTuber Scott Melker, and market analyst Michaël van de Poppe—share their thoughts on these topics. Every specialist provides their analysis of the elements that led to the most recent correction and assesses several eventualities. Though they have differing opinions, the majority of them concur that before Bitcoin’s upward trend starts, there will probably be a few months of consolidation. Experts concur that similar to past cycles, BTC halving will not have a significant short-term effect on pricing but will have a significant long-term impact. Make sure you watch the entire interview on the Cointelegraph YouTube channel and remember to subscribe if you want to learn where the Bitcoin market is going to go in the coming weeks and months.
