Citigroup sets Bitcoin’s base price target at $143,000 amid ETF demand
Crypto Briefing
Citigroup analysts set a 12-month base price target of $143,000 for Bitcoin, citing strong demand from spot ETFs.Summary
Citigroup analysts have established a base case price target of $143,000 for Bitcoin over the next year, primarily driven by anticipated sustained demand for spot Bitcoin exchange-traded funds (ETFs) and favorable macroeconomic conditions. The report designates $70,000 as a critical support level for the cryptocurrency. Furthermore, the analysts outlined a range of potential outcomes: a bear case scenario projects a price of $78,500 if a global recession occurs, while an optimistic scenario suggests a price of $189,000, contingent upon accelerating investor demand.
(Source：Crypto Briefing)