Bitcoin Price Forecast Soars to $113,000 Amid Strong Q3 Performance

Citigroup analyst Alex Saunders has revised his forecast for Bitcoin's price to $113,000, up from an earlier target of $82,000. The upgraded prediction is based on market activity, macroeconomic conditions, and exchange-traded fund flows.

Saunders pointed to debasement fears and new SEC rulemaking as factors that helped crypto regain key technical levels. He also highlighted renewed ETF inflows, which picked up again once prices moved back above the 200-day moving average.

Citigroup now expects $5 billion in base-case ETF inflows over the next 12 months, a shift from a previous flat estimate. Bitcoin's recent performance has outpaced other major assets, with its strongest quarter since 2024 beating gold even as Treasury yields and commodity prices climbed.