Citi Sees BTC at $113K, But First Bitcoin Must Conquer $90K

Citi's latest forecast for Bitcoin sees it reaching $113K in the future, but can it get there from its current price of around $86,885?

The bank cited stronger crypto activity, improved macro conditions, and renewed institutional demand as reasons for its optimism.

However, reaching Citi's target would require a 30% gain from current levels, which is no small feat.

Bitcoin has already cleared the mid-$80,000 area that repeatedly capped price earlier in September, but the next important zone is $90,000.

A sustained move above it would strengthen the bullish structure and put $100,000 back in focus before Citi's $113,000 target becomes relevant.