Why Bitcoin Price Predictions for 2016 Range as High as $1200?

[newcoins1978]

I hope that the value of the Bitcoin is going to be $1200 soon because I really want to sell some of my Bitcoin to make some extra money.
It has been a while sins the last time that I have made some money with Bitcoin.

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[dunfida]

Can we for once first get to touch $700 -> $800 -> $900 -> $1000 before talking about reaching a new all time high?

It's mind boggling how easy people assume we will reach a new all time high just because the price has gone up to over $600....

we are expecting it for last few months and not for today when the price is above 600$. if we study of the bitcoin increasing trend it shows that every time it increasing percentage is too high, and as more and more people are investing their money in bitcoin and the demand of bitcoin is increasing from time to time so we can expected that the price of bitcoin will cross 1200$ very soon,

Hope so that it would  definitely reach that price but still we should not forget that we wont know  on what would be the future since  bitcoins price movement  is to volatile and  there are lots of factors that could affect it  which causes  to low its price like hacking incidents, selling more bitcoins, etc.

[Denker]

In my prediction, it is impossible that bitcoin might be reached at $1200 in this year, Because now where we are here no one see any surprise thing would be happened suddenly. But i am sure bitcoin is going to up and at least bitcoin price would be reached at $800, but only in the end of this year, So may be the next year bitcoin price might be changed.

Looks like some other analysts are having a different point of view than you.
http://bitcoinist.net/bitcoin-technical-levels-rally/

Bitcoin Back to Technical Levels, Expect Huge Rally to $1200 Soon

After a longer than expected lateral sideways movement, traders have finally pushed the bitcoin market into a recovery, allowing the price to return to the technical quote level.

There are no visible resistance levels that can stop this upward climb until we reach $820. Volume indicators reflect that big players have already taken positions to allow this rally to happen, so the rise to $800 and beyond should be smooth.

This upward movement suggests the start of a new technical cycle. If that’s true, we can expect the bitcoin price to start a longer-term growth trajectory to prices near $1800. We predict that these price levels will be reached by the end of the year.

Mathematical indicators have exposed big differences between this past lateral movement and the synchronicity lag, suggesting that a large rally to $1200 and beyond may hit the market much sooner than expected.

Fundamentals and political factors could promote the climb for the rest of the year, as a consensus regarding a nascent, global bitcoin economy emerges.

I would say let's just wait and see what happens.
I'm pretty optimistic we could see some larger movements this year.However if it will be enough to reach the $1000 or even hiher I don't know. But I'm sure it's going to be fun!

[Altcoinmoney]

Lol there are so many people predicting bull shit and you all know that if we want to hit that amount at the end of this year the price needs to double from now and i can tell you that wont happen.

[adibe]

I think it's because the last big news, the halving. Many people have a big expectation about the price of bitcoin because the bitcoins price is increase up to 2 times because the halving and many people predict it can be $1200 in the end of 2016.

[Red-Apple]

i bet you anything that at least half the people saying $1000, $1200 is great and we will hold and be rich then, blah balah and all those good things, all of them will sell their coins as soon as there is a $100 rise and a slow down.

for example if price goes up to $700 and stops (slows down) they will all dump because of panic.

[gentlemand]

An army of Bitcoin experts predicted $3000 and more for 2014 back in the day. It didn't quite pan out that way. I don't know if the will's there for a $1200 rise but some cool things are on the horizon anyway.

[satdas]

most of the people have good expectation from bitcoin, it was expected the the price of bitcoin will cross 1000 in september and then at the end of 2016 the price of bitcoin will corss 1200 USD lever, but the bitfinex issue slow done the price of bitcoin but still people have good expectation from bitcoin.

[MaritiJames3]

With several expert Bitcoin price predictions for 2016 tapping out at $1200 the coming year will prove the worth of the digital currency once and for all. The optimistic Bit coin price predictions represent quite a turnaround from the start of 2015, when the price of bitcoin was bottoming out firm the bursting of the late 2013 bubble and the Mt, Gox meltdown. If  this happens, I will personally sign you a video of me doing  the money dance buck naked, I am sure you will be doing the same too.

I really hope that the Bitcoin price can reach $1200 this year because of that happens I will some of my Bitcoin without a doubt.
Does anybody know when of 2016 this is going to happen or is the price not going to rise at all?

[DeathAngel]

I don't think $1200 is likely in 2016, we only have what....4 months for that to happen. It's a possibility in 2017 but I just can't see us getting a new ATH this year any way. $800 is a better, more realistic target to hope for by the turn of the year.

[safari88]

I don't think $1200 is likely in 2016, we only have what....4 months for that to happen. It's a possibility in 2017 but I just can't see us getting a new ATH this year any way. $800 is a better, more realistic target to hope for by the turn of the year.

4 months likely to reach $1200, you can see the year 2013 when prices reached $1200 even less than 4 months. should it be realistic to achieve, because the development of bitcoin now is much better than the previous year. so let's look at the price movement of each month, whether it is able to achieve the increase in $100/month. if yes $1000 can be reach at the end of the year.

[adibe]

I think it's because the halving. The halving makes a huge increase on the price of bitcoin up to 2x and because of that 2016 is become the year of bitcoin and many people still speculate the price of bitcoin can reach $1200 in 2016 and i'm not sure the price of bitcoin will be $1200 at 2016.

[lemipawa]

Reason why predictions for 2016 reached to a 1,000 level is simply because someone coined the idea that halving will have a huge effect in Bitcoin rate while the outcome after Bitcoin is not even felt. Whats more remarkable that happened this year is the security breach that hits bitfinex not only onve but twice.

[outatime1]

Nobody knows what the price will be next year. I'm sure there are all ranges of predictions from a drop in price to big gain in price. My guess is that it will be an overall steady increase with a few peaks and valleys along the way.

[BlackPanda]

I think many argue that bitcoin price movements will be very fast this year. such as halving the impact, but in reality the price today is very stable. I am still optimistic bitcoin price increase could be above 1000 USD.

[jakelyson]

I hope that the value of the Bitcoin is going to be $1200 soon because I really want to sell some of my Bitcoin to make some extra money.
It has been a while sins the last time that I have made some money with Bitcoin.

If the price reach 1200 this year, then consider it as a bubble and everyone will be selling, causing the price to come down again to 600 below. Well, you should grab that opportunity to sell but until then it is still time to collect bitcoin and hold. I do not think it can reach that price this year but anything can happen in bitcoin.

[StoreBit]

I hope that the value of the Bitcoin is going to be $1200 soon because I really want to sell some of my Bitcoin to make some extra money.
It has been a while sins the last time that I have made some money with Bitcoin.

i think you should wait some time ans you will see the price of bitcoin above 1200$. i am hopeful that the price of bitcoin will really cross the 1200$ level at the this year or just after starting of the next year.

[AsaroUk]

This was because of the halving that was coming back in the days, the only fact is that it never unwrapped so good so that is a pity, really hoping on such prices.
If this prices will ever come this year I will instantly sell my bitcoins but I do not see this happen this year..

[Leonard2016]

This was because of the halving that was coming back in the days, the only fact is that it never unwrapped so good so that is a pity, really hoping on such prices.
If this prices will ever come this year I will instantly sell my bitcoins but I do not see this happen this year..

only time will tell so we have to only wait and see what will happen but since bitcoin price has reached $1200 before in the history then it is still possible to get there or at least get close to that price sooner or later.

and also bitcoin is worth a lot more that this if it is adopted.

[pooya87]

With several expert Bitcoin price predictions for 2016 tapping out at $1200 the coming year will prove the worth of the digital currency once and for all. The optimistic Bit coin price predictions represent quite a turnaround from the start of 2015, when the price of bitcoin was bottoming out firm the bursting of the late 2013 bubble and the Mt, Gox meltdown. If  this happens, I will personally sign you a video of me doing  the money dance buck naked, I am sure you will be doing the same too.

most of the $1200 prediction for bitcoin price comes from hopeless holders who think they will be rich and they say $1200 because it is the only price they have seen before for bitcoin.
but real predictions range from $800 to $4000 and i call real predictions to those that have some real prediction in their comment with some analysis and some work on the charts not a random comment with nothing to offer.