✉news BusinessCrypto first seen 12 h ago, last 9 h ago, peak #7
Citi lifts Bitcoin price target to $113,000
Original: Citi (C.US) raises Bitcoin price target to $113,000; ETF (IBIT.US) fund flows show divergence
Citi has raised its Bitcoin price target to $113,000, while noting a divergence in fund flows into the iShares Bitcoin Trust ETF, with inflows and outflows moving in different directions across investor groups. The call gives bulls a fresh reference point and is drawing attention to whether institutional ETF demand can sustain Bitcoin's momentum.
Why now: Citi's new $113,000 target is a notable bullish signal on Bitcoin, and the mixed ETF flow picture raises questions about the strength of institutional demand.
CitiBitcoiniShares Bitcoin Trust (IBIT)BlackRock
Evidence
- Citi (C.US) raises Bitcoin price target to $113,000; ETF (IBIT.US) fund flows show divergence · moomoo.com
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