Will the BTC go through $700 barrier before halving?

[Divinespark]

I think we will end post July 10th at ~ 700-750 but we may go past that level and correct. I expect the next 30 days to be absolutely bonkers and volatile

[Betwrong]

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 certainly hope so, but if it will stabilize at where it is now I think it's not so bad also. Now I'm wondering how many people who bought at $600 long time ago have their coins now and how happy they are that they actually didn't lose their money.

[Hugroll]

i feel like the price is going to be around 800 when the halving happens, and its going to drop back to around 700 couple weeks after the halfing because the hype will slow die down.

[thejaytiesto]

It's a matter of hours now... the bull pressure is to big, marketcap is still tiny, we can grow a lot in a matter of minutes if more money keeps coming in. I think we will see 700 before the halving, we can break the resistance without major problems.

[jtipt]

If this rise keeps on going then no doubt it will cross 700$ way before halving. But I have a felling that this sudden rose to 650$ is only for a day or 2 then it might drop to 570$ or something.

[Nahl]

if we see from the current prices the possibility there will be because today bitcoin has already reach to $650
and may be the prices will still grow up tomorrow and bitcoin will be reach to $700 in the end of this month

[Red-Apple]

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?

what trouble are you talking about?
there was no trouble it started rising slowly from $510 up to $570 and then break the $600 resistance in a very short time.

you should take a look at history and see what trouble is back when the price was below $500 and below $400, that is what's called trouble breaking the price.

right now we are on a rocket to the moon.

[avikz]

I doubt BTC will go past $700 just as yet even though I would like to see it happen. But it is not possible as of now.

BTC is now riding on public emotion. Most of the poeple are buying bitcoin and hence the market cap is also increasing. However, when the general people will start booking their profits from the trade, the price will fall.

I see a support at $570 to $600 level. A decrease in price will surely happen soon.  

[~Bitcoin~]

Within 1 july i think price will be well over 800$ atleast so this 700$ barrier seems really nothing compared to current movement bitcoin have.

[helloeverybody]

I see no reason for bitcoin not to pass the 700 dollar mark but as others have said, the real test is getting 700+ and actually being stable. Time will tell but its looking positive at the moment anyways.

[newcoins1978]

There is a small chance this will happen but I honestly do not think it will happen because the time is just simply too short right now to do this.
We are just only one month from it these days.

[RoommateAgreement]

i think it is a little bit too soon to say anything about $700 barrier being broken or not. we have just broken the $600 in less than one day.

but also there is a good momentom in the market that is currently pushing the price up without any stop or even slowing down.

[farlack]

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

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

Bitcoin only hit $1000 before because mtgox locked coins and money inside the exchange, it was a fake inflated price.

[Oralmat]

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?

Definitely, I am sure it will be above 700$ at 1 July. If we look in the previes month, than it will be clear that bitcoin has pick up the race of the increasing price, only for Halving. And in this halving, it would be great same like the last halving.
We all see in this halving Bitcoin price will be reached between at $800 to $1100.  

[Cereberus]

I very much think it will since it rose to an unremarkable $50 just yesterday peaking at $632 from $580-ish when I last checked.
$700 or above would not be a huge surprise to be encountered before the halving.
After it I would not like too imagine what it might be. It could reach $1200 again. But that is pure speculation on my calculation.

[Woshib]

Yes, it is possible that the value of Bitcoin exceeds 600$ after Halving, but could then fall.
So we are sure of anything right now.

[sana54210]

The price is jumping just a little too much for me and I'm not sure whether I should be happy because the price is going up, or I should be wary, because the price is going high so fast. It's only been a month since we've gone up from $450 to ~$630.

That's nearly $200 raise in just a month. I sure some are definitely rejoicing for profiting so much.

[ImHash]

one thing is for sure that price will never drop under $400 unless someone dumps more than 2 million coins in the market.
you see when price goes up people start to sell same time if people buy more than what has been sold creates demand which results in
big jumps in price going up, and again same time miners see the opportunity and sell their new coins and fill exchanges with bitcoins
then again price comes under, but one thing is for sure and no one can say it's not that bitcoin price will definitely rise above $1000 in
next 6 months.

[Cereberus]

The price is jumping just a little too much for me and I'm not sure whether I should be happy because the price is going up, or I should be wary, because the price is going high so fast. It's only been a month since we've gone up from $450 to ~$630.

That's nearly $200 raise in just a month. I sure some are definitely rejoicing for profiting so much.

I just checked it now an it is at $653 
When did it get up so high I do not know.
It is kind of scary if you ask me when this happens reaching heights very fast like this.
Then a big crash happens in a little while.
We will have to wait & see on this strange jump up in price all of the sudden.

[harizen]

]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

It's just a matter of being getting washed by the wave.

If people will continously ride the trend started by those intentional pumpers then it's obviously touch $700 in the next couple of days.

Another speculation though.