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Citigroup lifts 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, a notable upward revision from one of the world's largest banks. The new forecast signals growing institutional confidence in the cryptocurrency's prospects, and market watchers are citing it as another sign that mainstream finance is warming to digital assets.

Why now: A major bank's significantly raised Bitcoin price target is fresh news that fuels debate about the cryptocurrency's near-term outlook.

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