In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.
No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.
Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?
All bitcoin users are hoping for the price increase of bitcoin because as we all know that we would really benefited on that event that would happen but we cant still make sure that it would reach price point because adoption is the main reason. If adoption would arises then for sure price would move up.