Will the BTC go through $700 barrier before halving?

[JorisK]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

[shinratensei_]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

I don't have a big expectation for bitcoin price until 1 july. Maybe bitcoin price will be rise until $700 at 7 july or under $700 like on $650- $690. I hope bitcoin price will always rising up.

[mki8]

If you look at the previous halving in terms of increase by percentage, we are not far off following a similar pattern.

The last halving (28/Nov/12)
The price had 140% increase from the price 6 months prior to the halving
and then had 900% increase 6 months post halving (after bubble)
May 2012 = $5
November 2012 = $12.50
(April 2012 bubble reached $230)
May 2012 = $125

July 2012 it did drop to $80 but then it did climb past $1000 in the following months before the price come down to $200 which was mainly due to mining farms popping up (and GPU mining becoming obsolete) and oversupplying the market.

So if bitcoin does follow the same patter as previous halving and does reach $859 by july 10th
Then we could also see it follow the same pattern for the 6 months following the halving
which would be a 900% increase on $859

What we also should consider is the increase prior and post relative to each other
the increas post halving was roughly 6.5 times greater than the increase prior to halving

so if we applied that today
say we hit $716 by July 10th
That would be 100% increase from the price on Jan 15th six months prior
which could mean we could expect 650% increase post halving
which would give us $5370 6 months post halving
(after a bubble about double that bursts)

OK Lets be a bit more consertive on the figures at look at it from less optimistic view

The price on January 10th was $450 ($100 more)
say the price is actually $630 at july 10th (using Below current price and accounting for speculation over next month)
this would still give us a 40% increase on the price 6 months prior
If then you multiplied this by 5 (last halving was 6.5)
this would then give us a 200% increase on $630 6 months after the halving (after a bubble which would be higher)
which would be $1890
and would be expected after a bubbles has burst with that said bubble potentially reaching over $3000
which would be expected in December/Late November

[daniobg]

I think it will be above 700$. Now if we are talking about between what price range it will remain, nothing is for sure, but I think we can be at ~800$ easily. When I woke up this morning and saw it at 630$ I was really surprised - such a big increase just over a night. I am a little bit confused if we climb at this rate - it is too much over that short time and there may be a POP, but we will see when it will happen if we continue to rise that way  

[aso118]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

I expect it to cross $700 by 1 July.
There is some kind of frenzy in the market now.
Whether it is the halving or whether it is the speculators in China, they are all massively pushing up the price.

[clickerz]

I am also very optimistis and hoping that BTC price will break $700. I think it happened before, why not now that halving is about to start I think more people is also anticipating this ...

[OmegaStarScream]

It's increasing without any "real" or "obvious" reason honestly (most likely manipulation by the Chinese people) so I'm not sure how some people could stay that it could keep rising till 700$ before the halving  

[RocketSingh]

It's increasing without any "real" or "obvious" reason honestly (most likely manipulation by the Chinese people) so I'm not sure how some people could stay that it could keep rising till 700$ before the halving  

I think, u missed the bigger picture. Chinese people were manipulative. True. But, they tried to manipulate to take the price down, i.e. they tried to short. Unfortunately, they failed to do so because there is more real demand than they expected. To cover their loss in shorting, they are now buying like mad.

[marcuslong]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

My expecting price of bitcoin is at $1200 i think bitcoin can rise in that price range.. And im hoping that my money will double $_$. And after bitcoin halving the price will dump again its time to buy again. Becauss many newbie will panic selling their bitcoin thats the time good to buy some cheap bitcoin.

[janggernaut]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

my opinion btc price will be crossed $700 before 1 july, maybe in the end of this month, and after that btc price will be stable...

[universe_]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

my opinion btc price will be crossed $700 before 1 july, maybe in the end of this month, and after that btc price will be stable...

i doubt that bitcoin price will be stable on 700 dollars because it seems that its kinda easy to reach

i hope that bitcoin price will go even more and reach a new all time high soon

[ning_chang]

We are expecting that bitcoin will go to 700$ this july and that would probably happen, In 12 hours bitcoin increase 80$ so it would be possible

[Qunenin]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

I expect it to cross $700 by 1 July.
There is some kind of frenzy in the market now.
Whether it is the halving or whether it is the speculators in China, they are all massively pushing up the price.

Bitcoin has already reach 648$ right now and it will cross 700$ very soon. Whatever is causing this  price increase, the good thing is it is increasing. what really matters is stability. If at any point the price started dipping it will face a massive selling pressure.

[Shinpako09]

Yeah, no shit. It would pass $700 barrier before halving. Look at the the price movement today it goes up very high in short time and  made us surprised. So its possible that we go through $700 barrier before halving.

[Amph]

It's increasing without any "real" or "obvious" reason honestly (most likely manipulation by the Chinese people) so I'm not sure how some people could stay that it could keep rising till 700$ before the halving  

none can just pump bitcoin to 50% more value in oen day, which mean injecting 3B dollars, out of nothing, just in the hope that a panic buy will initiate so you can dump later, this is obviously due to increase in demand

[chichidori]

It might go up to that price before it reach the halving or maybe we are seeing another bubble that might burst any minute.

[d-leit]

i think $700 before the halving is very possible.

the big price rise so far is definitely exiting. but i try to remember myself that bitcoin is about freedom, not becoming rich.

[pocarime32]

Hi,

This 1,5 week the BTC had trouble breaking through the 588$ barrier, and after watching football last night, I check the BTC price and got surprised in a very positive way: $610$ and climbing. At the moment it is 630$+

We are getting closer and closer to halving, what pricerange do you guys expect at 1 July?

Yeah, i also shocked when i see the price of bitcoin suddenly increase so high today. I think the price of bitcoin will reach up to $1000 at 1 July / when halving come.

[Caladonian]

yes mate it is possible as we see how it moves right now we didn't expect it too quickly but that's what is happening right now the price keep rising up and possible to make it more when halving comes.

[lister storm]

It might go up to that price before it reach the halving or maybe we are seeing another bubble that might burst any minute.

i think you are right, the price has a lot of potential in growing at the moment so we might see the 700 numbers before the halving for sure as people will definitely buy in order to make money

i hope that during the halving we will even reach a new all time high price that would attract a lot of new people to bitcoins what would cause bitcoin become more mainstream