Bitcoin bullish or bearish

[Guest iyoung]

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.

[Guest iyoung]

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.

[Guest Savvyscot]

Agree with your sentiments