Citi Puts a Bullish Price Tag on Bitcoin: $113,000
Citi has increased its 12-month Bitcoin price target to $113,000, up from $82,000.
The bank's revised forecast reflects renewed interest in cryptocurrencies and more favorable market sentiment.
The decision comes as crypto activity has strengthened, ETF inflows have resumed, and market conditions have become more favorable.
Citi also raised its 12-month target for Ether from $2,240 to $3,028.