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

[Amph]

We could see a double top, but I would be very surprised to see it go much higher. 2016 will be one hell of a year for BTC, I predict.

if 2015 was the despair phase, 2016 will be the return to the main, already looking good now, by the end of 2016, we can have some crazy shit in the 1k-10k range

i believe its possible if we start buying now

you need to buy up to a sum that is equal to 25% of the total market cap, you need to Injects 1.5B in the marketcap to have a btc worth 500

This is totally wrong.  1.5 billion USD is over 3 million coins.  If I did a market buy for 3 million coins price would be in the hundred thousand dollar range.

no you did not understand, i was talking about a mere marketcap increase about 1.5B more, not about buying an equal amount of coins with that amount

[azguard]

Maximum for December is up to $450 I guess, currently we are stuck at $391-$395. Looking at coinut index it's just going up and down at $392 - $394 but this increase if we look at when it started is during the Black Friday, now that Holiday Season is near, I think there will be another round of rate increase.

this doesn't mean anything we were stuck back on 350 and now we are on 400$ almost
so this doesn't mean anything we can make tomorrow 500 or for 10 days

[tn211]

It is possible, because this weekend bitcoin reach at 400 dollars.

You can never know when it will increase just in 2 days.

My target that it will be just around 450 dollar that is good, but hoping for more.

[Fasdurcas]

Maximum for December is up to $450 I guess, currently we are stuck at $391-$395. Looking at coinut index it's just going up and down at $392 - $394 but this increase if we look at when it started is during the Black Friday, now that Holiday Season is near, I think there will be another round of rate increase.

this doesn't mean anything we were stuck back on 350 and now we are on 400$ almost
so this doesn't mean anything we can make tomorrow 500 or for 10 days

We have about 24 days to the end of 2015. If it reaches $500 by then, it will have to rise $4.2 on average per day. It is quite difficult.

[LMGTFY]

Maximum for December is up to $450 I guess, currently we are stuck at $391-$395. Looking at coinut index it's just going up and down at $392 - $394 but this increase if we look at when it started is during the Black Friday, now that Holiday Season is near, I think there will be another round of rate increase.

this doesn't mean anything we were stuck back on 350 and now we are on 400$ almost
so this doesn't mean anything we can make tomorrow 500 or for 10 days

We have about 24 days to the end of 2015. If it reaches $500 by then, it will have to rise $4.2 on average per day. It is quite difficult.

Or, instead of linear increases, it could rise slightly less that 0.95% every day for 24 days. That seems less difficult (and is "easier" than what we saw in October: if you look at price increases for the 24 days up to and including 29 October - when price reached $300 - then the average price increase is over 1%).

Not saying that we will see an increase (personally I think we'll see a fairly flat trend until the New Year), just that it's not as unlikely as it might appear at first glance.

[HostSurf]

With the amount of movement over just a few days and the week, I think the price can and will reach $500 easily sometime in DEcember if we continue with this same momentum. I'm even optimistic for $600+.

Well I don't think we will reach $500 this month. It's not even at a solid $400 but we are close. Every time it touches $400 it goes back down. I'm glad that it went up above $350 and staying close to the $400. It's looking good to me.

[WhatTheGox]

You guys see the difficulty and hash rate trend atm, i think we are going to see stable above $500 very soon.

[Oscoda]

With the amount of movement over just a few days and the week, I think the price can and will reach $500 easily sometime in DEcember if we continue with this same momentum. I'm even optimistic for $600+.

Well I don't think we will reach $500 this month. It's not even at a solid $400 but we are close. Every time it touches $400 it goes back down. I'm glad that it went up above $350 and staying close to the $400. It's looking good to me.

Yeah we are close, but you can't just say that it won't .
Maybe you are wrong. Bitcoin is always a suprise it other day will go down and other day will just rise. So lets see if this december will reach 500 dollars.

[Mickeyb]

You guys see the difficulty and hash rate trend atm, i think we are going to see stable above $500 very soon.

Yes, I agree! The positive pressure on the price is enormous lately as well and I don't see this ending! Very exciting times are in front of us!

[harizen]

Playing at $390 range now in more than 24 hours.

Green bar still rocking and many placing orders at the current range. Really a good sign of building resistance near 400.

[1Referee]

You guys see the difficulty and hash rate trend atm, i think we are going to see stable above $500 very soon.

The hashrate nearly doubled this year. It's just a matter of time before we see $500 again the comming months. China is leading in the mining industry, however, they are significantly behind with the amount of nodes, and that while Bitcoin is quite popular in China.

[Zaun]

It looks like it that bitcoin will go back to 500 dollar, but in december maybe it will or not.
I am sure that in 2016 will readch 500 dollar for sure and more.

[WhatTheGox]

You guys see the difficulty and hash rate trend atm, i think we are going to see stable above $500 very soon.

The hashrate nearly doubled this year. It's just a matter of time before we see $500 again the comming months. China is leading in the mining industry, however, they are significantly behind with the amount of nodes, and that while Bitcoin is quite popular in China.

China is leading in many areas but maybe their total dominance is a temporary thing.  Still they are only going to want the price up like the rest of us.

[randy8777]

It looks like it that bitcoin will go back to 500 dollar, but in december maybe it will or not.
I am sure that in 2016 will readch 500 dollar for sure and more.

anything over $400 is fine. if the price reaches $500 this month then it is a nice bonus for most people. 2016 will definitely be over $500, i even think we will reach $700 easy just before the block halving.

[harizen]

It looks like it that bitcoin will go back to 500 dollar, but in december maybe it will or not.
I am sure that in 2016 will readch 500 dollar for sure and more.

anything over $400 is fine. if the price reaches $500 this month then it is a nice bonus for most people. 2016 will definitely be over $500, i even think we will reach $700 easy just before the block halving.

And the really fine here is if price will reached it's new floor and that is around 400. Its really good. Step by step floor to really build a much resistance. Yes we can reached $500 100% but possiblity of sustaining around that price is the questioned here. Many people set this $500 as their dump target thats why it fail to sustain last rally. Massive dumps occur starting from 5% price decrease because of just a little movement in price., >_<

[zivone]

I have high hopes next year but $500 this year is somewhat not possible but who knows.

[azguard]

Maximum for December is up to $450 I guess, currently we are stuck at $391-$395. Looking at coinut index it's just going up and down at $392 - $394 but this increase if we look at when it started is during the Black Friday, now that Holiday Season is near, I think there will be another round of rate increase.

this doesn't mean anything we were stuck back on 350 and now we are on 400$ almost
so this doesn't mean anything we can make tomorrow 500 or for 10 days

We have about 24 days to the end of 2015. If it reaches $500 by then, it will have to rise $4.2 on average per day. It is quite difficult.

Or, instead of linear increases, it could rise slightly less that 0.95% every day for 24 days. That seems less difficult (and is "easier" than what we saw in October: if you look at price increases for the 24 days up to and including 29 October - when price reached $300 - then the average price increase is over 1%).

Not saying that we will see an increase (personally I think we'll see a fairly flat trend until the New Year), just that it's not as unlikely as it might appear at first glance.

who all hope for Christmas that we will have nice present (price over 500 if some treads on forum here)
so if we wish for Santa to give us present i think we will al be happy 

[n691309]

I have high hopes next year but $500 this year is somewhat not possible but who knows.

I am thinking also that the price will be somewhere $500 - $700 or maximum double of the today price.

[JayJuanGee]

I have high hopes next year but $500 this year is somewhat not possible but who knows.

Timing and even degree of movement remains quite difficult to predict, exactly.

Accordingly, Bitcoin remains quite a curious phenomenon.  Even though, in some schools of thought, Bitcoin's price may seem high at the moment, the price also seems to have quite a bit of more upside momentum potential, even in the short term.


Nonetheless, it may be somewhat healthy for the whole Bitcoin space if the price were to float between $380 and $420 for a few months.

Given recent price movement, at the moment, I believe that the Bitcoin space is not really capable of $380 to $420 stability at this stage of its life, and we are likely to witness considerable continued BTC price volatility during the next, approximate 2 months outside of the $380 to $420 price range (or any other approximately 10% price range).  There simply remains uncertainty and disagreement regarding the current price, which translates as an ongoing price battle.

 I'm fairly confident that near term price volatility could be either upwards or downwards.

Personally, upwards would be nice, but I think if btc price breaks passed $440-ish within the next few weeks then that price movement becomse a kind of green light signal and accordingly, $600 seems nearly inevitable to follow soon thereafter or even a higher subsequent BTC price point.

On the other hand it seems as if such $600 price arena would not be sustainable in the short term. 


In the end, my sense of potential upward price dynamics, as outlined above could become inaccurate because it's really difficult to predict exactly where BTC's price is going and/or what some of the bigger financial players are doing (or attempting to do) in the bitcoin space that can really interfere with any kind of real short term predictability - whether predicting upwards or downwards price movements.

[CrimBit]

 reach $1000 at december