Citi raises 12-month Bitcoin forecast to $113,000 from $82,000
- —Citi raised its forecast to $113,000 from $82,000 — a 36% gain from $83,085
- —The target sits 10.5% below Bitcoin's record high of $126,198
- —Citi expects $5 billion of crypto inflows over the year, horizon around autumn 2027
- —US spot Bitcoin ETFs saw $118.8 million inflows on Oct. 6 and $484.9 million outflows on Oct. 7
Why it matters: A major bank's forecast could boost institutional demand for Bitcoin, but thin trading volume casts doubt on the sustainability of the rally.
Source: CryptoSlate