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Author Topic: End of the 2016 - BTC Price Prediction  (Read 8717 times)
spud21
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August 21, 2016, 08:04:55 PM
 #181

My prediction is $900-950. I don't think that we will be able to cross the $1,000 mark this year, as there is too much resistance. A lot of guys are going to sell at $900-950 levels. Also, I believe that it will take some time for the block reward halving to have the full effect, by removing the excess amount of coins from the market.

I think it will cross the $1,000 mark this year, then have a correction in the new year before going up to a new ATH next year. The charts are showing a giant cup and handle forming with the top of the cup as the ATH. When it gets to the ATH again people will dump, then buy back after the correction, and keep buying until a new ATH at the top of the handle.
d5000
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August 21, 2016, 09:04:30 PM
 #182

My guess is $700-850.

Until now the Bitcoin price has held really well after the little halving pump. Not even the Bitfinex fiasco was able to drive the price under $550 for more than a few hours. But I'm pretty sure that we will see a slightly bearish trend in the coming weeks. That's mainly because of "technical" reasons: The price has not managed to set higher highs after a dump. Pretty similar that what ocurred in most of 2014 and 2015.

But eventually we'll reach a turning point (probably after a large dump) and then price will rise again. I expect this to happen in September/October. In November we can cross the $700 mark again and then the ride will get increasingly bumpy, but at the end of the year I expect a value very close to the July high.

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PsursV
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August 21, 2016, 09:20:47 PM
 #183

My prediction is $900-950. I don't think that we will be able to cross the $1,000 mark this year, as there is too much resistance. A lot of guys are going to sell at $900-950 levels. Also, I believe that it will take some time for the block reward halving to have the full effect, by removing the excess amount of coins from the market.

I think it will cross the $1,000 mark this year, then have a correction in the new year before going up to a new ATH next year. The charts are showing a giant cup and handle forming with the top of the cup as the ATH. When it gets to the ATH again people will dump, then buy back after the correction, and keep buying until a new ATH at the top of the handle.
every one has their own idea, but to me the price of bitcoin is going to cross the all time high at the end of this year or just in the start of the next year 2017 and after that the market will take a correction, and will then stay at that high position for a long time as it was trading in 680$ for some time and then due to some bad news about bitfinex create panic and people start selling, but this time bitcoin is coming down any more.
Benchman
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August 29, 2016, 10:53:00 AM
 #184

We already had a big pump.

I think we already saw ATH for this year. Next stations are 620 -> 580 ->540 ->480, and i think we wont go lower thank 480-500 level.

Next year i expect at least $950.

As I said in July, we hit ATH for this year, now big correction coming.

I wrote this when bitcoin was like ~$690. Now it's on my second target ~$575-580. Very soon we are going to ~ 520-540 level.
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