Citi forecasts Bitcoin to reach $113,000, but buying data shows uncertainty
Citi predicts Bitcoin could return to $113,000, requiring a roughly 36% rise from the October 7 reference price. The bank raised its twelve-month forecast from $82,000 on October 1, citing stronger activity, supportive macro conditions, and renewed ETF inflows, also projecting $5 billion in crypto inflows over the next year. However, fresh Glassnode data indicates new money entering the market alongside unusually thin trading, leaving broad buying participation uncertain. On October 7, US spot Bitcoin ETFs recorded net outflows of $484.9 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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