Citigroup raises Bitcoin 12-month price target to $113,000
C Citigroup Inc
$122.27 -1.81%
View chart & analysis → - 1Citigroup raised its 12-month Bitcoin price target from $82,000 to $113,000 on October 1.
- 2Based on the Bitcoin price of $81,700 as of October 14, Citigroup's estimate suggests an upside potential of approximately 38% from current prices.
- 3FalconX confirmed through research in the second half of 2024 that ETF inflows account for less than 10% of Bitcoin price volatility.
So what's the key point?
Citigroup has increased its forecast for Bitcoin, predicting the price will reach $113,000 in one year. This suggests a potential increase of about 38% from current levels.
Source The Motley Fool +1 · View original ↗
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