Citi Raises Bitcoin Forecast to $113K Amid Stronger Crypto Activity

Citi's Bitcoin forecast has been revised upward to $113,000, marking a significant increase of nearly 38% from its previous target of $82,000.

This revised prediction comes as the bank noted that stronger crypto activity and renewed ETF inflows have contributed to the upgrade. The CLARITY Act's failure, which reduced prospects for a broader market-structure law, has had a lesser impact on sentiment due to subsequent SEC announcements.

Peter Brandt, a veteran trader, is more optimistic with his late-2029 peak prediction between $300,000 and $600,000. However, he warns of an early-October pullback towards $65,000, $66,000.