✉news BusinessCrypto first seen 10 h ago, last 7 h ago, peak #7
Citi Raises Bitcoin Target to $113,000 in 12-Month Outlook
Original: BTC Outlook: Citi Reverses Two Price Target Cuts, Sees Bitcoin Reaching $113K In 12 Months
Citi has reversed two previous price target cuts and now forecasts Bitcoin reaching $113,000 within 12 months. The move marks a notable shift in the bank's stance on the cryptocurrency, drawing attention from traders and crypto watchers who see the upgrade as a sign of renewed institutional confidence in Bitcoin's near-term prospects.
Why now: A major bank reversing its cautious stance on Bitcoin signals shifting institutional sentiment, which moves crypto markets and trader discussion.
Evidence
- BTC Outlook: Citi Reverses Two Price Target Cuts, Sees Bitcoin Reaching $113K In 12 Months · Stocktwits
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