I think it was just a coincidence that it was getting stuck at that price. It will move off of that once the price rebounds again.
Eh, it always seems to get stuck at numbers like 420 too. I think some people place buys at those numbers just to laugh at the chart, or think its a lucky number to go in at or something.
The bitcoin price is about $590 at the moment. So it is not stuck at $420. I think it will rise to $600 soon.
Actually price has already surpassed well above 600$ in few exchanger, i think we will soon see 700$ again after one or two month.
Yes we have to wait for few months to reach 700$. Currently we are just stuck at under 600$ and we need a boost to futher pump up bitcoin price.
Price is at $580 now, so I don't think it will take much time to cross $600 level, and may be it can be achieved in next week but it will be interesting to see when we reach to $700 mark.
People were saying exactly the same thing when in June the price was about to reach $800.
I head predictions as "this week we will see $800" - "$800 will be reached within 48 hours".
Eventually, the price started to tank heavily from that point. This just shows that being close to a certain price level doesn't mean anything.