Bitcoin is now what? $470? Is it possible that bitcoin will reach that kind of worth a year and half from now?
Anything is possible.
Is it likely? No.
I think it is likely that it will reach 2000$ before the end of 2015. To achieve this goal we need to have more new buyers than sellers. As the price goes up, miners have to sell less to pay for their electricity costs and want to hold to enjoy the rally which push the price even higher.
Well you can't say that miners won't sell. if the price goes up to 600$, they would insta sell. A lot of miners, aren't in it for holding, they are in it, just to make that profit they can .
Most miners are bullish on the BTC price but they will sell a lot of BTC to buy new equipment and the manufacturers will sell a lot of BTC to build their miners.