End of the 2016 - BTC Price Prediction

Benchman

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Quote from: Benchman on July 30, 2016, 06:55:33 PM

We already had a big pump.

I think we already saw ATH for this year. Next stations are 620 -> 580 ->540 ->480, and i think we wont go lower thank 480-500 level.

Next year i expect at least $950.

As I said in July, we hit ATH for this year, now big correction coming.

I wrote this when bitcoin was like ~$690. Now it's on my second target ~$575-580. Very soon we are going to ~ 520-540 level.

PsursV

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Quote from: spud21 on August 21, 2016, 04:04:55 PM

Quote from: bryant.coleman on August 20, 2016, 11:24:15 AM

My prediction is $900-950. I don't think that we will be able to cross the $1,000 mark this year, as there is too much resistance. A lot of guys are going to sell at $900-950 levels. Also, I believe that it will take some time for the block reward halving to have the full effect, by removing the excess amount of coins from the market.

I think it will cross the $1,000 mark this year, then have a correction in the new year before going up to a new ATH next year. The charts are showing a giant cup and handle forming with the top of the cup as the ATH. When it gets to the ATH again people will dump, then buy back after the correction, and keep buying until a new ATH at the top of the handle.

every one has their own idea, but to me the price of bitcoin is going to cross the all time high at the end of this year or just in the start of the next year 2017 and after that the market will take a correction, and will then stay at that high position for a long time as it was trading in 680$ for some time and then due to some bad news about bitfinex create panic and people start selling, but this time bitcoin is coming down any more.

d5000

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Decentralization Maximalist

My guess is $700-850.

Until now the Bitcoin price has held really well after the little halving pump. Not even the Bitfinex fiasco was able to drive the price under $550 for more than a few hours. But I'm pretty sure that we will see a slightly bearish trend in the coming weeks. That's mainly because of "technical" reasons: The price has not managed to set higher highs after a dump. Pretty similar that what ocurred in most of 2014 and 2015.

But eventually we'll reach a turning point (probably after a large dump) and then price will rise again. I expect this to happen in September/October. In November we can cross the $700 mark again and then the ride will get increasingly bumpy, but at the end of the year I expect a value very close to the July high.

spud21

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Quote from: bryant.coleman on August 20, 2016, 11:24:15 AM

My prediction is $900-950. I don't think that we will be able to cross the $1,000 mark this year, as there is too much resistance. A lot of guys are going to sell at $900-950 levels. Also, I believe that it will take some time for the block reward halving to have the full effect, by removing the excess amount of coins from the market.

I think it will cross the $1,000 mark this year, then have a correction in the new year before going up to a new ATH next year. The charts are showing a giant cup and handle forming with the top of the cup as the ATH. When it gets to the ATH again people will dump, then buy back after the correction, and keep buying until a new ATH at the top of the handle.

Zivdafast

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Quote from: Sidas_Crew669 on August 19, 2016, 12:25:40 PM

but it also depends on the whims of the market dude. If segwit appears but the market hasn't really wanted it so it is just a sweetener only. I think the increase in bitcoin depending on adoption or growth or value added users to Transact using bitcoin

If the SegWit appears and there is not any bugs associated with it, the bitcoin price will at least double from the current levels.

pitham1

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Quote from: bryant.coleman on August 20, 2016, 11:24:15 AM

My prediction is $900-950. I don't think that we will be able to cross the $1,000 mark this year, as there is too much resistance. A lot of guys are going to sell at $900-950 levels. Also, I believe that it will take some time for the block reward halving to have the full effect, by removing the excess amount of coins from the market.

Given that there are no immediate upward drivers, a 50% growth in the last 4 months of the year looks unlikely.
There could be further profit booking if we remain at these levels.

bryant.coleman

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My prediction is $900-950. I don't think that we will be able to cross the $1,000 mark this year, as there is too much resistance. A lot of guys are going to sell at $900-950 levels. Also, I believe that it will take some time for the block reward halving to have the full effect, by removing the excess amount of coins from the market.

Cresciuanto

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before halving some people were expecting that the price of bitcoin will fell down too much after halving, because the miners will no longer take interest in mining, but we saw that even after halving the price of bitcoin remain stable for a long time, after that when the bitfinex hacking news spread in the market the price of bitcoin fell down to 500$ but there the market got a strong support and the price of bitcoin raise to 580 $ round about, now the bitcoin is trading in such position for a long time, as there is no bad news about bitcoin in the market therefore it is expected that the price of bitcoin will start increasing very soon and hope that it will easily cross 1200$ at the end 0f 2016 or just in the start of 2017,

vero

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Quote from: Sidas_Crew669 on August 19, 2016, 12:25:40 PM

Quote from: Bepesand on August 19, 2016, 06:52:00 AM

Quote from: Haruderty on August 19, 2016, 03:00:45 AM

Quote from: 0day on August 18, 2016, 04:10:23 PM

Quote from: Dux2K on August 18, 2016, 03:28:40 PM

Quote from: safari88 on August 18, 2016, 06:17:39 AM

Quote from: Assanger on August 17, 2016, 12:42:51 PM

Quote from: BTCdoaA on August 17, 2016, 12:04:26 PM

Quote from: safari88 on August 17, 2016, 12:01:39 PM

Quote from: Bepesand on August 17, 2016, 11:51:03 AM

Quote from: useless4 on August 17, 2016, 08:45:18 AM

Quote from: Oralmat on August 14, 2016, 01:14:39 AM

Quote from: john2231 on August 13, 2016, 07:44:13 PM

Quote from: outatime1 on August 13, 2016, 07:32:38 PM

I guess $800 but that is a complete guess at this point. No one knows what it will be or even if it will increase or decrease.

Yeah your right bitcoin is unpredictable we are not fortune teller to know what exactly will be the price of bitcoin..
For me my speculation is around 700-900 value this is possible that i feel it will reach before end of this year..

Bitcoin prices is the one thing which is hard to predict as it changes too randomly . Even a person who has good financial knowledge cant predict the correct bitcoin prices.

you are right though more or less we are able to say what the price is going to be after a few years, in my opinion it is going to go up and get to at least 2000 dollars

I do not think the bitcoin price will go above $2000 this year. That could happen by the end of next year. The price will be $800 this year.

I saw some tweets predicting $2,000 this year, although it looks unrealistic, but I hope it's true.
but my prediction just like you, it would be around $700-800.

600 $ by the end of this year i will return to Quote this in DEC 2016 .

I will quote your post. But I think the bitcoin price will be much higher than the $600 you mentioned. It will be around $800.

You can see predictions that prices could reach $2,000 here https://bitcointalksearch.org/topic/kim-dotcom-predict-2000-per-bitcoin-1576150
This is only a prediction, it is difficult to be precise. but I hope it is true, let's look to the end of 2016

Im not sure about that i would be happy with 1000 by end of this year

Any thing is possible with the price of bitcoin, after seeing your post , for a while I agreed with you, but then my heart said to me when in 2013 it can reach from $280 to $1200 and in 2016 it can reach from $370 to $770, then why not in the coming months from $590 to $1000.

The bitcoin is more mature now. The market cap is also larger. So it is difficult for the price to rise very fast. I am happy if the price is $900 in December.

I do not think the bitcoin price will rise too much unless the SegWit is released in the next few months and it is very welcomed by the market.

but it also depends on the whims of the market dude. If segwit appears but the market hasn't really wanted it so it is just a sweetener only. I think the increase in bitcoin depending on adoption or growth or value added users to Transact using bitcoin

almost every day we see millions of transactions conducted but the price could fall just market demand that can attract bitcoin prices upwards and I think other than that no.

Sidas_Crew669

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