Bitcoin Forum

Can Bitcoin Price Hold Above $400?

Bitcoin price holds above support at the start of the last week of this year. Although the intra-day chart is ambiguous, the last three months of price action has set bitcoin price up for an exciting 2016.

https://www.cryptocoinsnews.com/bitcoin-price-holding-above-400/

I think too much are made of the block-reward halving in 2016... it will have a slight affect on the price, but it will not be mind blowing as expected. The higher price in December

was to be expected, because there were a higher demand for the coin over the festive season. Let's be realistic and ask for gradual growth and less volatility. I am relatively sure

we will benefit more from a more stable currency.  ;)

From a past few weeks ,it is holding above $400 .So naturally the trend should continue for a few days until we start a new year.Being an optimist I feel its going to take  a new direction from new year and I'm expecting it to hold above $450 from Jan.

Today we are close to 430 again. Either we will hover around the low 400s for a while or we will continue moving up slowly in the next coming weeks. There is a possibility to drop below 400, but I think this is not much likely to happen.
2016 is coming and I have the feeling we will do good. :)
Let's have some optimism!

For this year i have a feeling that it will be above 400 usd for sure (next few days)
But for 2016 we should see if the block size will be changed, if any big company will implement bitcoin and so far but it should be above 400-500 USD

The price is being interesting for sure, with that dump in November in the stock markets it will be interesting to see how Bitcoin handles things with the interest rate rise by the federal reserve.