Hey guys,
I know most of us expect to see BTC price going up mid next year due to block halving. Personally, I ve been expecting this to take place February of March 2016 and then continue well after the halving.
However, we can see that BTC price has started slowly increasing since mid September 2015.
Is this the beginning of a new trend? Will we see another price spike or just a gradual price increase? Maybe nothing is going to change at all but common logic suggests that the price goes up if the demand stays constant and supply halves, which WILL happen.
What do you think?
The thing is that with Bitcoin you never know, but it surely seems like what you described is happening. Now nobody can say anything for sure. We will see everything in the upcoming weeks.
$300 is a big psychological level for many. Much could be concluded from the way we will brake or deal with this $300 mark. If we would shoot past $300 and went on to $320 while holding up there for a moment then I would surely say that this is a beginning of a new trend.
