Citigroup raised its 12-month Bitcoin price target to $113,000, citing three catalysts.
Context
What happened: Citigroup raised its 12-month price target for Bitcoin (CRYPTO: BTC) to $113,000 from $82,000 on Oct. 1, citing three catalysts: ETF inflows, an improving U.S. economy, and a pre-halving run-up.
Key numbers: Target raised to $113,000 from $82,000. Price was $81,700 as of Oct. 14, implying about 38% upside.
Why it matters: Citi's forecast depends on Fed rate policy and ETF flow sentiment, which the content notes can cut both ways. A pre-halving run-up could begin around April 2027, overlapping the final months of Citi's target window.
What changed
Citigroup raised its 12-month price target for Bitcoin (CRYPTO: BTC) to $113,000 from $82,000 on Oct. 1, citing three catalysts: ETF inflows, an improving U.S. economy, and a pre-halving run-up.
Why it matters
Citi's forecast depends on Fed rate policy and ETF flow sentiment, which the content notes can cut both ways. A pre-halving run-up could begin around April 2027, overlapping the final months of Citi's target window.