Bitcoin Surges Past $86K as Citi Raises Price Target to $113K
The cryptocurrency market has kicked off the highly anticipated 'Uptober' cycle with strong upward momentum, as Bitcoin (BTC) jumped over 2.2% to trade around $86,150.
This rally follows a $3 trillion bank raising its Bitcoin price target and spot ETF inflows turning positive again.
Citi's new bullish price forecast has added fresh confidence among investors, with the bank increasing its 12-month Bitcoin price target from $82,000 to $113,000, citing stronger crypto activity, supportive macro conditions, and renewed ETF demand.