I think it will not reach to 800 and i think the price will reach around 600-770. im not sure but i feel that theprice will play there.. is just my specualtion and i am not a fortune teller to know the price in the future..
I have some doubts that the price will even reach 600 this year. we have finished the first quarter of the year and the price is still in $400 level and could not pass 450 till now. if we reach 600 this year, it will be a surprise for me
Don't underestimate how much and how fast Bitcoin can move in a very short period of time. Just for comparison, not saying it is going to happen again like this, but the price in September 2013 dropped to under $80 and two months later in November 2013 it reached its ATH over $1,200.
We are quite a bit above that $80 mark now, so a proportional rise compared to 2013 (15x) would take us to over $6,000. Now that is not going to happen and I just used it to put things into perspective of how $800 is certainly possible, and even $1,200 again which would only be a 3x rise this time around. So an paltry $600 prediction looks very pessimistic.
Of course, in the end much of it will be determined by the miners. If they intend to dump their daily production on the market at current prices, then there would be no market pressure except for the slightly reduced daily supply. Considering 2/3 of all the Bitcoins are already mined, the new supply will start having less and less effect on the overall market as time goes on.