Reddit netizens predict that BTC will rush to $56,000

According to The Daily Hodl, on Reddit, an anonymous author (ID: YqwbW9hr) released the forecast on January 21 this year, listing some key price points for Bitcoin in 2019 and 2020. According to forecasts, Bitcoin will reach $5,300 in April 2019 and $9,200 in July 2019. Putting the forecast price on the BTC's monthly price trend, it is found that these two points are basically consistent with the facts. At the same time, the author predicts that bitcoin will reach a record high of $56,000 in July 2020, but it is worth noting that the author also predicted that Bitcoin will quickly dive after hitting an all-time high, and the price in November 2020 It may be only $8,700. The author predicts that the next target for bitcoin prices will be $16,000 in October. However, Bitcoin plunged sharply in the early morning, and the BTC temporarily reported $9688 as of press time. This also means that if it is to reach $16,000, the BTC will rise by more than 65% in the next month. At the same time, the forecast said that the market capitalization of Bitcoin will be reduced to 40%-46%, far lower than the current 69.3%. The current mainstream currency market is bloody, and if the forecast is accurate, it also means that the mainstream currency market may eventually erupt.