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Citigroup Raises Bitcoin Price Prediction to $113K Amid Renewed Inflows

Guavy AI Editorial Team
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BTC
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Citigroup has raised its Bitcoin price prediction to $113,000 from $82,000, citing expectations of renewed inflows and adoption in the crypto space.

The bank expects around $5 billion to flow into crypto over the next year, driven by new ETFs and rising allocations from advisers and brokerages.

This forecast comes despite a mixed backdrop, with Bitcoin currently trading at around $83,700. The upgrade represents a 38% increase from the previous target.

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