Citi Raises Bitcoin Target to $113K, Cites Crypto Activity and ETF Inflows
Citigroup has raised its 12-month Bitcoin price forecast to $113,000 from $82,000. The increased target reflects stronger cryptocurrency activity, a more supportive macroeconomic backdrop, and renewed inflows into Bitcoin ETFs.
raised its 12-month Bitcoin price forecast to $113,000 from $82,000 on October 1, a $31,000 increase that reflects stronger crypto activity, a more supportive macro backdrop, and renewed ETF inflows. The central question is whether slower, steadier institutional allocations can sustain the upgrade…