Bitcoin price now at crossroads: Will it go bullish or bearish?

Two years ago, the price of bitcoin soared up the heights of $20,000. Then it fell to its lowest point coming down to Earth at $3,200, one year ago. But this time around, things are looking a little different.

While both of those points were at the extreme ends of the spectrum, this year, the bitcoin price is currently stuck somewhere in the middle. After rising suddenly in May this year to touch $12,000, its price has fallen back down to $7,230. And, like usual, it could go in any direction.

But to find out what may happen, Decrypt ate up some crypto analysts’ spare time to find out in which direction they expect the wind to flow over the coming weeks and months. Here’s what they believe will happen.

The bullish case for bitcoin

Kira Sun, co-founder of Prime Broker TroyTrade, is optimistic about the price of bitcoin over the short and the long term.

“Volatility is declining and bitcoin’s price is trying to assess its next direction. Personally, I believe that the signals…