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Bitcoin bullish or bearish


Guest iyoung

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Hi, I'm wondering what the overall consensus is amongst IG users on BTC/USD. Bullish or bearish?

I'll start - Bullish - 25k by end of Jan. But if it breaks 12k (50 day MA), bearish.

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I agree with everything you said, but do you think there is a chance we will enter a long term bear market, like in 2013, when it broke through 1000 and then tumbled down, and took 2 years to recover... This may be possible, because although it has huge potential, it will take a few years until it enters the mainstream, and until it does, it's pure speculation.

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