Where is Bitcoin heading next? Market experts chime in

cyptouser7 months agoCryptocurrencies News125
25cc9d4a>

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.

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

House passes FIT21 crypto bill with majority bipartisan support

The US House of Representatives passed the Financial Innovation and Technology for the 21st Century...

Exclusive: Mike Flood is shaking up Congress over cryptocurrency

Exclusive: Mike Flood is shaking up Congress over cryptocurrency

55966e89˃Republican Rep. Mike Flood, a soft-spoken second-term lawmaker from Nebraska, might seem li...

President Biden announces picks for SEC, FDIC and Treasury leadership

55966e89˃United States President Joe Biden will shake up leadership at financial regulators with his...

Why is Bitcoin DeFi blooming? Developers share their insights

Why is Bitcoin DeFi blooming? Developers share their insights

55966e89˃In the past year, the namesake 16-year-old blockchain has seen the new arrivals of features...

NFT as the new Swiss bank accounts for the Web3 era

NFT as the new Swiss bank accounts for the Web3 era

55966e89˃Swiss fintech Fiat24 is rebuilding banking infrastructure using Web3 technology, utilizing...

Price speculators sees highest single-day loss of $774 million YTD amid Bitcoin upward trajectory

Price speculators sees highest single-day loss of $774 million YTD amid Bitcoin upward trajectory

Speculators on crypto derivatives suffered significant losses in the past day, totaling around $774...