Will BTC reach $600 during the first month of the new year?

[harizen]

we can see the bull buying at this moment because some people get sugestion bitcoin will be raise at 2016 (after block halving )
and im sure we will hit $500 again but not sure will reach $500 in december

Yes and that action is present for more than 100 hours now. Volume stating to us that more people still buy @ around 400 range. That's the spirit. If this continue I see new floor for the bitcoin price and to those waiting at below 300 just to buy, well goodluck. Its clear it's a failed.

price up again maybe we will reach $450 today 
-  OKCoin: 414,49 USD
-  Bitfinex: 417,65 USD
-  Bitstamp: 413,71 USD
-  CoinDesk: 414,77 USD
-  Coinbase: 395,01 USD
-  Huobi: 2.716,03 CNY
-  BTCChina: 2.689,09 CNY
-  ItBit: 413,95 USD   

Honestly it can at 500 or even more if the growth rate is same and will continue up to 24 hours. Im not saying it will but there's a chance ny looking at the chart.

[JimboToronto]

First let's just see if we can stay over $400 for a week.

Over $500 by Xmas would be nice though.

[chennan]

First let's just see if we can stay over $400 for a week.

Over $500 by Xmas would be nice though.

I don't think this is quite a possible feat for the deadline to be by Xmas. Even with the super pump to $500, there proved to be some major resistance around that area. I think we'll get there eventually, but it might take some time.

[harizen]

First let's just see if we can stay over $400 for a week.

Over $500 by Xmas would be nice though.

Actually resistance and support around $400 is noticeable this past days. Good signs of a candidate of becoming a new floor. If the sudden pump today at the beginning of morning in Chinese exchanges will stop and managed to dip not less than around 400 then I will assume that 400 is near in maturity of becoming a new floor.

[randy8777]

First let's just see if we can stay over $400 for a week.

Over $500 by Xmas would be nice though.

it will be very difficult to maintain a price over $400. if we indeed manage to stay at least above $400 for a while, then we can start building new support levels. only time will tell.

[lexuz]

First let's just see if we can stay over $400 for a week.

Over $500 by Xmas would be nice though.

it will be very difficult to maintain a price over $400. if we indeed manage to stay at least above $400 for a while, then we can start building new support levels. only time will tell.

Price increase very fast to above $400, i caught this like a trap by trader to sell their coin in the highest price.. i'm feel price up just for a while

[InvoKing]

it will be very difficult to maintain a price over $400. if we indeed manage to stay at least above $400 for a while, then we can start building new support levels. only time will tell.

Approximately, the price has 4 hours now over 400$ and i still see the green lights   with average 417$ on the exchangers [411-425$]. We didn't hit the record imo yet in December or as a member mentioned it is still the beginning.

[harizen]

Decided to go long until $400. Neither it's a trap or something it's fine. Let's have some good output here. Bulls and Bear 50/50.

[JayJuanGee]

First let's just see if we can stay over $400 for a week.

Over $500 by Xmas would be nice though.

I don't think this is quite a possible feat for the deadline to be by Xmas. Even with the super pump to $500, there proved to be some major resistance around that area. I think we'll get there eventually, but it might take some time.

Your characterization of $500 seems quite strange. 

Think about what you are saying?   

I would not characterize an inability to sustain a sudden rise to $500 (of prices above $450 for less than 18 hours) to be any kind of meaningful test of resistance.

In retrospect, it should be clear that the November 4 rise to $500 was just to quick under the then circumstances.

Currently, such $500 prices may or may not be sustainable depending upon how long from here it takes to get there and whether BTC's current price performance begins to attract deeper support - for example in the coming weeks between now and when santa lands his sleigh on various BTC trader roofs.   

[hendra147]

my post yesterday my sell order filled im earning some but my altcoin sell order not filled and i sell it now my altcoin before down more

No earning today, my bitcoin sell order not filled, im waiting sell at $420 , and i hope today my sell order get filled
and still hold some altcoin

anyway Im sure nextday we will hit $450 

[Junko]

At this rate, we'll be talking about bitcoin price hitting $600 during December.

'Tis the season to be jolly.

[helloeverybody]

All going well it looks like we're going to be hitting $500 pretty soon.  Some jump from last night.

[justspare]

i would love to see it rise over $500 during december. I think fresh minted bitcoins are perfect for Christmas gifts as well

[chaser15]

Hopefully it sustain the 420 range and no bulls will do panic selling even the price went 400. Come on bulls. We trust your spirit. I want to help. I just don't have money to buy bitcoin lol.

[safari88]

i would love to see it rise over $500 during december. I think fresh minted bitcoins are perfect for Christmas gifts as well

Christmas very likely that we could touch $500, this time $420 only needed a slight increase. I believe the end of the year could touch $500

[chaser15]

i would love to see it rise over $500 during december. I think fresh minted bitcoins are perfect for Christmas gifts as well

Christmas very likely that we could touch $500, this time $420 only needed a slight increase. I believe the end of the year could touch $500

Definitely it will. Just need a bit of more push from the bulls. They are building resistance now around the current range. You can see what I mean that's why it stopped from pumping now. The battle between bear and bulls are equal as of now. Hope the bulls win.

[justspare]

Definitely. Just around $80 to go now. That's easy compared to the price jump from something like $200 to $350.

[anthonycamp]

well if btc gets to 500$ its a great breakthroutght to decemcer cuase usually this time of year its the low price of all year soo we can expect like 700$ to march 2016

[jakelyson]

The recent price movement seems to be moving that way. The only question now is if  it reach $500, can it stay $500 and above? I hope it is not like what happened last November when it reach 500 and went down drastically back to 350+.

[LMGTFY]

well if btc gets to 500$ its a great breakthroutght to decemcer cuase usually this time of year its the low price of all year soo we can expect like 700$ to march 2016

Last year's December was pretty bad (~$900 -> ~$300), but that was the exception.

2011 - price in December ~10x the price at the start of 2011.

2012 - price in December 2-3x the price at the start of 2012.

2013 - price in December >10x the price at the start of 2013.

I have no idea what December 2015 holds, but I do know this idea that December sees a price drop is a myth that isn't supported by the historic data.

Edit: close bold tag to clarify which part I'm replying to.