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Citigroup raises one-year Bitcoin forecast to $113,000

Original: Citigroup raises one year Bitcoin forecast to $113,000

Citigroup has raised its one-year price target for Bitcoin to $113,000, according to a Fortune report. The revised forecast from one of the world's largest banks signals growing institutional confidence in the cryptocurrency, and is likely to fuel debate among investors about whether Bitcoin's rally can continue and how far mainstream finance will embrace digital assets.

Why now: A major bank lifting its Bitcoin price target draws attention from investors watching the cryptocurrency market.

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