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

[chaser15]

I'd rather stay at 260 for a few months than have a big jump to 300 then tank all the way back to 200-220.
Gradual & sustained progress is key.

Why it will come back to 200-220? It halving has something to do with it? What is supposedly happen when halving occur?

I don't know if this is what LFC_Bitcoin had in mind, but BTC/USD has been range-bound between ~200 and ~300 USD since late January. My belief is that it's demonstrated it can go above 300 several times, but to sustain a price above 300 it'll need support and a quick dash to >300 won't bring that support - more likely is that people will sell to take profits. If the price rises slowly, over time, people will have more confidence that the rise isn't just a temporary blip.

Ah I see.

So one factor of bitcoin price decrease is by massive dumping?

and..

One factor of bitcoin price increase is massive buying?

Is it like that? Im still new to bitcoin world. I like to know some economic aspect of high-low prices change.

[pooya87]

I'd rather stay at 260 for a few months than have a big jump to 300 then tank all the way back to 200-220.
Gradual & sustained progress is key.

Why it will come back to 200-220? It halving has something to do with it? What is supposedly happen when halving occur?

I don't know if this is what LFC_Bitcoin had in mind, but BTC/USD has been range-bound between ~200 and ~300 USD since late January. My belief is that it's demonstrated it can go above 300 several times, but to sustain a price above 300 it'll need support and a quick dash to >300 won't bring that support - more likely is that people will sell to take profits. If the price rises slowly, over time, people will have more confidence that the rise isn't just a temporary blip.

Ah I see.

So one factor of bitcoin price decrease is by massive dumping?

and..

One factor of bitcoin price increase is massive buying?

Is it like that? Im still new to bitcoin world. I like to know some economic aspect of high-low prices change.

what you described is the classic supply and demand.
massive dumps will lead to increasing amount of supply which will result in decrease in price and some sort of big news or even a hype (not a short term though) will lead to massive buys (increasing demand) hence the price going up.

[BitcoinHodler]

from what i see in the market these days, it most likely reach $300 in two weeks!

[Q7]

The closer it is to the expected halving period, more likely it could be a rise supported by the fundamentals. But I could be wrong. We have seen that happened couple of times only to see price retraced back to its original level.  300 would be the resistance point and if they could sustain it, we might even see a breakout.

[trafficolaa]

It seems $300 has more possible chance for this month at the moment trend is showing positive rise in price and we can hope for this price floor within this month and more possible to cross this figure this time.

[Omikifuse]

I was surprised that the Gemini launch caused no pump to 300 this time. Maybe this is the lagged effect of Gemini.
 
It is possible that 300 is reached this month but, again, will not be stable and will be followed by a dump

[Triple]

I'm gonna go ahead and say no to that. BTC prices seem to be very stable right now around $250-260 and there is no news that would benefit the rise of BTC currently.

[Proxiebuier]

of course yesss
im sure we can it $300 at this month,
look bitcoin price now stable ~260 , next week bitcoin will be stable at ~270 maybe ~280 

[Triple]

of course yesss
im sure we can it $300 at this month,
look bitcoin price now stable ~260 , next week bitcoin will be stable at ~270 maybe ~280 

Do you have any news or information on why you think that's the case? Nothing I see can cause a jump in BTC prices by that much.

[Proxiebuier]

of course yesss
im sure we can it $300 at this month,
look bitcoin price now stable ~260 , next week bitcoin will be stable at ~270 maybe ~280 

Do you have any news or information on why you think that's the case? Nothing I see can cause a jump in BTC prices by that much.

all of signal market say it
https://i.imgur.com/ZVC5mn7.png

also you can see different about buy wall and sell wall

[STT]

A large part of the answer is in the question and by that I mean the dollar value or index direction likely helps BTC to a large extent.   Recent news is an unexpected lack of dollar rate rises which presumably helps restrict its speculated value thereby helping all assets denominated or traded in parallel.   I think we can say BTC is a dollar proxy used international by an online population especially in restrictive economies, when dollar falls BTC likely rises in use or I hope it goes that way as dollar does inevitable fall

[ajrah]

Not this month, maybe November it will since this $260 rate was not achieved in just a few weeks. We maybe seeing a rate right now that will last for the next coming weeks.

[amiryaqot]

I think yes we will see $300 even more than this level as like some positive signals showing this indicator that price is moving up slowly but steadily this time and we will see new price before end of this month.

[fulgdenea]

of course yesss
im sure we can it $300 at this month,
look bitcoin price now stable ~260 , next week bitcoin will be stable at ~270 maybe ~280 

I am also hopeful about this as like price is going up and rising to the right direction so we will get bitcoin at stable price on up to $270 from next week so that is more good chance when next week will start we will see next level of price.

[mtnsaa]

I don't think there will be such a steady rise as we've seen lately, I think it will close around $270-280 by the end of the year. I won't be sad if it reaches $300 or more of course hehe.

[OmegaStarScream]

In the last 48 hours the price increased by like 20$ which is pretty good (according to preev.com it's 266$ right now) . However I still can't understand what's the reason behind this , I don't think G2A.COM or that coffe production companie is behind this either ... so the only explanation should be some exchange manipulation so I don't think the price will continue growing , in fact it won't be stable at all .

[mrbrt]

of course yesss
im sure we can it $300 at this month,
look bitcoin price now stable ~260 , next week bitcoin will be stable at ~270 maybe ~280  

Do you have any news or information on why you think that's the case? Nothing I see can cause a jump in BTC prices by that much.

Perhaps it's trading on the news of January 3, 2009, ehh?

[mrbrt]

of course yesss
im sure we can it $300 at this month,
look bitcoin price now stable ~260 , next week bitcoin will be stable at ~270 maybe ~280  

Do you have any news or information on why you think that's the case? Nothing I see can cause a jump in BTC prices by that much.

Perhaps it's trading on the news of January 3, 2009, ehh?

To state it a different way, perhaps bitcoin is trading on its' fundamentals

[Arcteryx]

of course yesss
im sure we can it $300 at this month,
look bitcoin price now stable ~260 , next week bitcoin will be stable at ~270 maybe ~280  

Do you have any news or information on why you think that's the case? Nothing I see can cause a jump in BTC prices by that much.

Perhaps it's trading on the news of January 3, 2009, ehh?

To state it a different way, perhaps bitcoin is trading on its' fundamentals

Which are exactly? Maybe some perspective on this would answer the OP question instead of everybody throwing in their two cents.

[Febo]

In the last 48 hours the price increased by like 20$ which is pretty good (according to preev.com it's 266$ right now) . However I still can't understand what's the reason behind this , I don't think G2A.COM or that coffe production companie is behind this either ... so the only explanation should be some exchange manipulation so I don't think the price will continue growing , in fact it won't be stable at all .

Did not everyone saying that when Gemini will open bitcoin price will at least triple. So here is your reason.

But there is also huge volume on chinese exchanges. Huge!