Bitcoin Forum

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

I don't have a big expectation for bitcoin price until 1 july. Maybe bitcoin price will be rise until $700 at 7 july or under $700 like on $650- $690. I hope bitcoin price will always rising up.

If you look at the previous halving in terms of increase by percentage, we are not far off following a similar pattern.

The last halving (28/Nov/12)
The price had 140% increase from the price 6 months prior to the halving
and then had 900% increase 6 months post halving (after bubble)
May 2012 = $5
November 2012 = $12.50
(April 2012 bubble reached $230)
May 2012 = $125

July 2012 it did drop to $80 but then it did climb past $1000 in the following months before the price come down to $200 which was mainly due to mining farms popping up (and GPU mining becoming obsolete) and oversupplying the market.

So if bitcoin does follow the same patter as previous halving and does reach $859 by july 10th
Then we could also see it follow the same pattern for the 6 months following the halving
which would be a 900% increase on $859

What we also should consider is the increase prior and post relative to each other
the increas post halving was roughly 6.5 times greater than the increase prior to halving

so if we applied that today
say we hit $716 by July 10th
That would be 100% increase from the price on Jan 15th six months prior
which could mean we could expect 650% increase post halving
which would give us $5370 6 months post halving
(after a bubble about double that bursts)

OK Lets be a bit more consertive on the figures at look at it from less optimistic view

The price on January 10th was $450 ($100 more)
say the price is actually $630 at july 10th (using Below current price and accounting for speculation over next month)
this would still give us a 40% increase on the price 6 months prior
If then you multiplied this by 5 (last halving was 6.5)
this would then give us a 200% increase on $630 6 months after the halving (after a bubble which would be higher)
which would be $1890
and would be expected after a bubbles has burst with that said bubble potentially reaching over $3000
which would be expected in December/Late November

I think it will be above 700$. Now if we are talking about between what price range it will remain, nothing is for sure, but I think we can be at ~800$ easily. When I woke up this morning and saw it at 630$ I was really surprised - such a big increase just over a night. I am a little bit confused if we climb at this rate - it is too much over that short time and there may be a POP, but we will see when it will happen if we continue to rise that way  ;)

I expect it to cross $700 by 1 July.
There is some kind of frenzy in the market now.
Whether it is the halving or whether it is the speculators in China, they are all massively pushing up the price.

I am also very optimistis and hoping that BTC price will break $700. I think it happened before, why not now that halving is about to start ;) I think more people is also anticipating this ...

It's increasing without any "real" or "obvious" reason honestly (most likely manipulation by the Chinese people) so I'm not sure how some people could stay that it could keep rising till 700$ before the halving  ???

I think, u missed the bigger picture. Chinese people were manipulative. True. But, they tried to manipulate to take the price down, i.e. they tried to short. Unfortunately, they failed to do so because there is more real demand than they expected. To cover their loss in shorting, they are now buying like mad.

My expecting price of bitcoin is at $1200 i think bitcoin can rise in that price range.. And im hoping that my money will double $_$. And after bitcoin halving the price will dump again its time to buy again. Becauss many newbie will panic selling their bitcoin thats the time good to buy some cheap bitcoin.

my opinion btc price will be crossed $700 before 1 july, maybe in the end of this month, and after that btc price will be stable...

i doubt that bitcoin price will be stable on 700 dollars because it seems that its kinda easy to reach

i hope that bitcoin price will go even more and reach a new all time high soon

We are expecting that bitcoin will go to 700$ this july and that would probably happen, In 12 hours bitcoin increase 80$ so it would be possible

Bitcoin has already reach 648$ right now and it will cross 700$ very soon. Whatever is causing this  price increase, the good thing is it is increasing. what really matters is stability. If at any point the price started dipping it will face a massive selling pressure.

Yeah, no shit. It would pass $700 barrier before halving. Look at the the price movement today it goes up very high in short time and  made us surprised. So its possible that we go through $700 barrier before halving.

none can just pump bitcoin to 50% more value in oen day, which mean injecting 3B dollars, out of nothing, just in the hope that a panic buy will initiate so you can dump later, this is obviously due to increase in demand

It might go up to that price before it reach the halving or maybe we are seeing another bubble that might burst any minute.

i think $700 before the halving is very possible.

the big price rise so far is definitely exiting. but i try to remember myself that bitcoin is about freedom, not becoming rich.

Yeah, i also shocked when i see the price of bitcoin suddenly increase so high today. I think the price of bitcoin will reach up to $1000 at 1 July / when halving come.

yes mate it is possible as we see how it moves right now we didn't expect it too quickly but that's what is happening right now the price keep rising up and possible to make it more when halving comes.

i think you are right, the price has a lot of potential in growing at the moment so we might see the 700 numbers before the halving for sure as people will definitely buy in order to make money

i hope that during the halving we will even reach a new all time high price that would attract a lot of new people to bitcoins what would cause bitcoin become more mainstream

I think we will end post July 10th at ~ 700-750 but we may go past that level and correct. I expect the next 30 days to be absolutely bonkers and volatile

I certainly hope so, but if it will stabilize at where it is now I think it's not so bad also. Now I'm wondering how many people who bought at $600 long time ago have their coins now and how happy they are that they actually didn't lose their money.

i feel like the price is going to be around 800 when the halving happens, and its going to drop back to around 700 couple weeks after the halfing because the hype will slow die down.

It's a matter of hours now... the bull pressure is to big, marketcap is still tiny, we can grow a lot in a matter of minutes if more money keeps coming in. I think we will see 700 before the halving, we can break the resistance without major problems.

If this rise keeps on going then no doubt it will cross 700$ way before halving. But I have a felling that this sudden rose to 650$ is only for a day or 2 then it might drop to 570$ or something.

if we see from the current prices the possibility there will be because today bitcoin has already reach to $650
and may be the prices will still grow up tomorrow and bitcoin will be reach to $700 in the end of this month

what trouble are you talking about?
there was no trouble it started rising slowly from $510 up to $570 and then break the $600 resistance in a very short time.

you should take a look at history and see what trouble is back when the price was below $500 and below $400, that is what's called trouble breaking the price.

right now we are on a rocket to the moon.

I doubt BTC will go past $700 just as yet even though I would like to see it happen. But it is not possible as of now.

BTC is now riding on public emotion. Most of the poeple are buying bitcoin and hence the market cap is also increasing. However, when the general people will start booking their profits from the trade, the price will fall.

I see a support at $570 to $600 level. A decrease in price will surely happen soon.  

Within 1 july i think price will be well over 800$ atleast so this 700$ barrier seems really nothing compared to current movement bitcoin have.

I see no reason for bitcoin not to pass the 700 dollar mark but as others have said, the real test is getting 700+ and actually being stable. Time will tell but its looking positive at the moment anyways.

There is a small chance this will happen but I honestly do not think it will happen because the time is just simply too short right now to do this.
We are just only one month from it these days.

i think it is a little bit too soon to say anything about $700 barrier being broken or not. we have just broken the $600 in less than one day.

but also there is a good momentom in the market that is currently pushing the price up without any stop or even slowing down.

Bitcoin only hit $1000 before because mtgox locked coins and money inside the exchange, it was a fake inflated price.

Definitely, I am sure it will be above 700$ at 1 July. If we look in the previes month, than it will be clear that bitcoin has pick up the race of the increasing price, only for Halving. And in this halving, it would be great same like the last halving.
We all see in this halving Bitcoin price will be reached between at $800 to $1100.  

I very much think it will since it rose to an unremarkable $50 just yesterday peaking at $632 from $580-ish when I last checked.
$700 or above would not be a huge surprise to be encountered before the halving.
After it I would not like too imagine what it might be. It could reach $1200 again. But that is pure speculation on my calculation.

Yes, it is possible that the value of Bitcoin exceeds 600$ after Halving, but could then fall.
So we are sure of anything right now.

The price is jumping just a little too much for me and I'm not sure whether I should be happy because the price is going up, or I should be wary, because the price is going high so fast. It's only been a month since we've gone up from $450 to ~$630.

That's nearly $200 raise in just a month. I sure some are definitely rejoicing for profiting so much.

one thing is for sure that price will never drop under $400 unless someone dumps more than 2 million coins in the market.
you see when price goes up people start to sell same time if people buy more than what has been sold creates demand which results in
big jumps in price going up, and again same time miners see the opportunity and sell their new coins and fill exchanges with bitcoins
then again price comes under, but one thing is for sure and no one can say it's not that bitcoin price will definitely rise above $1000 in
next 6 months.

I just checked it now an it is at $653  :o
When did it get up so high I do not know.
It is kind of scary if you ask me when this happens reaching heights very fast like this.
Then a big crash happens in a little while.
We will have to wait & see on this strange jump up in price all of the sudden.

It's just a matter of being getting washed by the wave.

If people will continously ride the trend started by those intentional pumpers then it's obviously touch $700 in the next couple of days.

Another speculation though.

I think the price will stay below the $700 mark before the halving event, then it will rise again to higher values.

i think it will rise over 700 dollars right now thus allowing us to make some decent money

also i think that later this year we will reach a new all time high because people will buy a lot of bitcoins

Its still goes up, at 664$ right now.

The BTC looks like a locomotive atm.

Huobi just touched $700 for a very short time. Other exchanges are lagging behind significantly with a $30 difference in price. BTC-E is even +$60 behind Huobi right now. Great opportunity for arbitrage traders.

We will break ATH by the end of the month. Be sure to buy as much as you can before it's too late.

I'm confident that it will easily go through the $700 barrier. In fact, I positive that it will go past the $1000 barrier before the halving. Anyone hoping for this as well?

Yes, as said.... I am pretty sure about this too.

Well in last few weeks bitcoin price changed like +100$.. so it should go more :D at least I hope so

Well for me i don't think if the price will hit to 700 value but i feel it will happen.. because more people still buying and more people are selling their bitcoins..

You were right. We are going to be 700 tomorrow, by the time people wake up we'll probably have crossed 700 already. Everyone is waking up to the Bitcoin reality and people is getting desperate to get in now. Billions of money will keep comming during the next weeks.

We will for sure break the $700 and then $800 but I can't see it breaking the ATH. It is full FOMO mode so who knows, I know I won't be buying any BTC until we dump back down around the halving. Good luck to those who are  :D

I think that price nowdays is the maximum maybe it will increase on 10-20$ and but it's not so major increasing to reach $700, but who knows, that's life 8)

Good luck with that. We'll reach new ATH and if a correction happens, we will correct above current price, so you will not be able to buy back cheaper.
Consider this possibility.

I think it will be up to $700++
the price is increasing, but halving is coming either, so it will not take it too long to reach that amount

We are about to hit $670....

BTC is already trading above 700 USD at BTC China 
http://bitcoincharts.com/charts/btcnCNY#rg1ztgSzm1g10zm2g25zv

4700 CNY exchanges to 716 USD.   800 + before halving maybe 1000.

Should be an interesting ride.

Yeah,that's right in my local exchange bitcoin has to rate $710 for 1 bitcoin..... Wow, Amazing.... I don't believe it..... Only take a few hour to bitcoin price is rising again.

huobi give the market a bit higher price? price differences in each exchange is fair. but in huobi too high? is it possible we can use it to a make a profit?

$700 is definitely within reach in the coming weeks as more and more people get excited about the reward halving and hoping for quick return. However, I expect a drop after that due to correction. So we should be ready for the roller coaster ride!

I don't need luck with that mate. I have been around the block a fair few times and have accumulated enough BTC to not to have to buy anymore until I feel I am ready and keeps my average close to what it is now. Whichever way we go I am happy with.

Yes bitcoin can reach that price if many users will keep on buying bitcoins because it causes for the stocks to be few and it will result for the price to continue rising.

1 Bitcoin equals 675.50 US Dollar

Great growth for people that bought some btc's a few months ago.. like myself  ;D

At the rate things are going, we might even see an even higher price than $700. We are still about four weeks away from halving and bitcoin is just about $25 short of that figure. Lucky for those who bought when the price was still hovering between $420 and $440. It stabilized at that price range for a while before it quickly shoot past $500 and $600.

If the value of bitcoin continues to rise then it will exceed  more than what you expect BUT  don expect too much after all the price of bitcoin is not stable it might go up or go down so better watch  out or observe the price of bitcoin ,. We can never tell if it will go up or go down.

I wouldn't be surprised to see it in a week. BTC has steadily rose for months and months, never really being dumped. It is still gaining popularity and there is certainly tons of money in the world that has yet to find its way into BTC...

The time BTC reached over $1000 is after the time i am referring too, which is six months prior and post halving.

It was 1 year post halving when the price went over $1000

(i did just add the comment about $1000 just to show the direction btc went after bottoming out around $80 about 8 months post halving)

I am sorry dude but i doubt about that, the price of bitcoin will touch that amount for july because the price of bitcoin still being growing up even few minutes ago i see the price of bitcoin is in the number 665 dollars each. So it is possible to reach 700 dollars for july.

Anything could happen with the bitcoin. You could have felt it, just in a weeks time a big variation has taken place. Now if this continues $700 barrier is easily achievable before halving.

I really hope that it does breach that barrier before halving as that would be a big milestone for Bitcoin. If it reaches that before halving, after halving the price might be extremely high.

Re: title of OP

Why do you consider $700 a barrier OP? i think we went through the tricky resistance already.  We been through $700 before no worries and that was back when bitcoin wasn't a patch on what it is now.  1 thing for sure tim draper will now be sleeping easier haha.

I agree i see   1,000+ usd coming! Interest and adoption of bitcoin is everywhere!  Halving of bitcoin plays the same effect too!  1k usd had been reached before and it is very possible that it will passed it's peaked value.  Here in my country there are lots of Multi Level Marketing company that promotes bitcoin, and is patronized by their  members. some are legit and some are possible scam, still they give a strong buy support to Bitcoin coz million of dollars is being poured in to this company in return to those members having Bitcoin in their stash.

I think so. Halving is doing a lot of pumping for bitcoin at the moment and right now the price is already at around $690. Breaking $700 should be no big deal in my opinion for bitcoin.

I'd expect around $800, and then a bit of an adjustment down to $600~.

700-800 is what it was predicted long time ago, and it is happening, some times what everyone expect might just happen

i think after that target it will remain there a bit before the enxt pump above 1k, final target might be 2k for the time being

even some chinese ceo said so

$700 now no more remained a barrier as I have saw a few minutes ago that the price of bitcoin on yobit has reached to $739, and now we are sure that the price of bitcoin at the time of halving will be around $1000, and after that I think it will continue to increase as people will be addicted to price increase and they will not agree to sell their bitcoins at lower price.

Halving Bitcoin has little influence on the price, if at all affected. The current excitement associated with the weakening of the Chinese yuan and the transfer of assets of Chinese investors in Bitcoin.

But with the second thesis I agree. State interest, the interest of companies and services, disseminate information and interest among people. People are more likely to trust and invest in Bitcoin, which increases its price.

I think that's true, because most of those who do such things is greedy wants to get such a huge advantage. But it will have an impact in terms of loss of chance, because the price of the bitcoin unpredictable

Today BTC has gone through the barrier of $700 and we are seeing that it is increasing more and will now preparing for the crossing the barrier of $800 to reach the halving stage.

It can be possible I was not even sure if the price would reach $600 before the halving would reach $600 this month but it happened any way. I think that it will also be possible for the price to reach $700 at the end of this month.

You can already see now that Bitcoin is becoming more popular and that is really nice because you have to know that the value will rise slowly so that have to be perfect.
The only thing is that you dont know the right moment to sell it and that is the problem but maybe the time will be soon.

I think yes it can pass the $700 mark.Look at its price changed for this week.From $530 now its over $600 and to think that is almost 5weekd before halving.Pretty sure that next week bitcoin may pass over $700 mark.

Just a few days ago, I was very skeptical about the possibility of this happening. With the recent price surge and the ones before that, it is becoming more obvious that anything is possible with bitcoin. It is getting hard to make any predictions now, as I am always being proven wrong by the price movement. For what it's worth, I'm holding whatever I have and go with the flow until such time that the price has stabilized.

At its current rate of increase, it will likely get an all time high in $$$, exciting times.

If we get a 20% pump like this every weekend we will reach an ATH in no time! Current price = $675.
Weekend 1 = $675 +20% = $810
Weekend 2 = $810 +20% = $972
Weekend 3 = $972 +20% = $1166.4
Weekend 4 = $1166.4 +20% = $1399.68

I am also fine if we replace weekend with month.

As i checked yeah we are near to 700$ now. It is possible to hit 750 - 800$ mark before July.Lets just hope so everyone who keeping their Bitcoin will be happy. My target before i sell my bitcoin is 750$ so good luck to us all

It is happening right now. Some exchanges are valuing at more than $700.

going crazy to watch bitcoin chart price,its really make me confuse to buy or sell,thanks god im not sell yesterday,and still hold it,now it reach $670. the highest price sincelast three years. i wish more than $700 at end of month. and halving give us more $1000 :D

We are going to break the $700 and that is because you already can see now that the value is going to be more worth and that is really nice if that is possible and if we can earn profit soon because we already waited a long time for it.
So it would be nice and the halving is also coming towards to us and that can be perfect if it is rising in that time but you are not for sure that it is going to rise but just a prediction.

Yes, the bitcoin has many chances to get on $ 700.
Even now, it exceeded that, but it is not certain that it will not decrease after Halving.

on r/bitcoinmarkets (https://www.reddit.com/r/BitcoinMarkets/comments/4ntxz9/daily_discussion_monday_june_13_2016/), Emocmo made the following comment (https://www.reddit.com/r/BitcoinMarkets/comments/4ntxz9/daily_discussion_monday_june_13_2016/d47bhyt):


I think that makes sense. There is some weird stuff going on in the world at the moment. Yuan devaluing. a Belgian bank going bust this morning. Brexit vote coming up on June 23rd. Spain votes again in July (they had a general election in December but the vote was so fragmented that no-one was able to form a govt). And of course the USA has presidential elections in November.

as the rally is going on i am expecting $900+ before of halving but i am expecting some selling pressure on or before of halving as the price is now going high their will be selling as most of them are waiting for halving and then sell.

As I can observe right now, i think it's now impossible to BTC to reach $700 before halving, or maybe it will strike up too 1000$. There is no impossible right? Let's just wait to halving and let's all see what will happen after that one. :)

Here we goooo!

Brexit is the event that will rattle the world market for now.  The rich Chinese already have gold, properties in their portfolios. Now it is bitcoins, thanks to Yuan devaluing. Very exciting times these coming 2 weeks.

When there is uncertainty in the world, people realize the potential of Bitcoin.
The crisis in Cyprus coincided with the last bull run.
For a currency born during the global financial crisis, I think this is apt.  ;D

The market cap even reached over $11 billion this time which was waaay higher than last month, which was nearly stagnant at $7.5 billion. A $4 billion rise is dramatic. Something is definitely going on right now and people like us are really excited!

700 is already crossed. i think it will touch 800 and above before halving. the bitcoin rate flying like an aeroplane. i think it will touch 800 very soon.

high today is $749.90 USD, so far.

It already did. Therefore, yes, it hit the $700 mark before the halving event.

I am not sure it depends on how fast the price is going to rise and when the halving is going to come in. I hope that the Bitcoin price can reach $700 before the halving starts kicking in and changes the price again.

As you can see the Bitcoin price has already passed $700 and it is now even on its way to reach $800 and I think that it is going to happen before halving.
I hope that it also can reaches $1000 but I do not think that it is going to happen.

Investors are cashing out bitcoins to hold hard currency due to Brexit fears.

That is right. The price of bitcoin just dropped from $690 to $620. It has recovered to around $650 now.