Citi Raises Bitcoin 12-Month Target to $113,000 From $82,000
- —Citi raised its BTC target to $113,000 from $82,000, up 37.8%
- —Ether forecast lifted to $3,028 from $2,240
- —Citi expects $5 billion of crypto inflows over 12 months
- —Bitcoin gained nearly 40% in the three months to October 1
Why it matters: A major bank's upgrade sets a reference point for institutional allocations, but the call hinges on sustained ETF demand.
Source: Cryptonews.com