Crypto
Bitcoin Momentum Fades as Citigroup Sees $113K Target
As of October 1, 2026, Bitcoin trades at $84,823, supported by a bullish EMA stack that keeps the macro trend intact.
However, the daily MACD histogram has turned negative, signaling cooling momentum even as the bitcoin value structure remains firmly bullish.
The daily trend remains bullish by every structural measure, but the momentum readout is asking whether buyers will show up again at resistance.
Citigroup raised its one-year Bitcoin forecast to $113,000 on October 1, providing a longer-term narrative to point to even if short-term momentum is choppy.