Bitcoin price has almost reached $960. If there is increase in demand for bitcoins, surely, btc price would go much higher. Certainly, demand for bitcoins has increased much higher recently and main reason for it is demonitisation of high value currencies in india and it has made rich people to invest their money in bitcoins.I guess bitcoin price would cross $1200 by the end of jan 2017
Increased demand is coming from both investors seeking havens from capital market instability as well as big money seriously considering it under within the alternative investment assets class.
I think 1200 by the end of jan would be aiming a bit too high but at this rate, whatever we users are doing right now, btc may very well reach the 1k mark within the first week. It's possible that more people are already becoming aware of bitcoin and it's benefits and that's why demand is high especially last quarter of 2016