Where is Bitcoin heading next? Market experts chime in

Four market experts assess the current state of the Bitcoin market and where it is heading next.

After reaching all-time highs in early March, Bitcoin (BTC) experienced a sharp correction and then entered a period of consolidation. With less than a month left before the Bitcoin halving takes place, many market participants are wondering whether the top is in or if there will be another leg up, and if so, when the next upward movement is likely to come.

To answer these questions, the latest Cointelegraph video gathers 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 gives their assessment of the factors behind the latest correction and also evaluates different scenarios. Despite different points of view, most of them agree that there will likely be a period of consolidation for a few months before Bitcoin resumes its upward trend. As in previous cycles, the experts agree that the Bitcoin halving won’t have any major short-term impact on prices but will play a major role in the long run. 

To find out where the Bitcoin market is heading in the next weeks and months, don’t miss the full interview on the Cointelegraph YouTube channel, and don’t forget to subscribe.