BITCOIN price will reach $500 but I'm not sure that it will happen within 2016 or after the year 2016.
I feel enthusiastic and happy to see such a price rise soon. This price rise needs to be stable.
I believe it will happen in this year 2016. Bitcoin will touch $500 and it also go up from this price. Since we only have to trade it more than may a sudden rise of price occur !!