✉news BusinessCrypto first seen 14 h ago, last 9 h ago, peak #11
Citi Lifts Bitcoin Target to $113,000
Original: Citi Raised Its Bitcoin Target to $113,000 While Forecasting Just $5 Billion of Inflows. What Has to Go Right?
Citigroup has raised its Bitcoin price target to $113,000, even while forecasting only about $5 billion of inflows into the cryptocurrency market. The bank's analysis suggests the higher target depends on several conditions going right, prompting questions among investors about what assumptions underpin the bullish call despite modest expected capital flows.
Why now: Investors are weighing a major bank's bullish Bitcoin forecast against its surprisingly low inflow estimate.
Evidence
- Citi Raised Its Bitcoin Target to $113,000 While Forecasting Just $5 Billion of Inflows. What Has to Go Right? · Yahoo Finance
API: https://socialmediatrends-api.osmike.com/v1/trends/727727