Bitcoin Reclaims $86K as Uptober Rally Gains Momentum
The cryptocurrency market kicked off October with strong upward momentum as Bitcoin (BTC) jumped over 2.2% to trade around $86,150.
This rally follows a major bank's new bullish price forecast and spot ETF inflows turning positive again.
Citi raised its 12-month Bitcoin price target from $82,000 to $113,000, citing stronger crypto activity, supportive macro conditions, and renewed ETF demand.
The forecast has added fresh confidence among investors as Bitcoin starts October on a stronger note.