Citigroup Revises Bitcoin and Ethereum Price Predictions
- Citigroup predicts Bitcoin could reach $231,000 in the next year as its bull case.
- The base and bear cases for Bitcoin are set at $181,000 and $82,000, respectively.
- For Ethereum, Citigroup forecasts a bull case of $7,300, with bear cases of $5,400 and $2,000.
- Bitcoin is currently trading above $119,000 after a recent rally from around $114,000.
- BTC ETFs have seen over $1.6 billion in inflows in the past three days.
Citigroup’s report highlights strong investor demand for Bitcoin, which is reflected in its price predictions and substantial ETF inflows. The firm remains more optimistic about Bitcoin compared to Ethereum, citing uncertainty surrounding ETH’s investor demand.
With a projected BTC price of up to $231,000 within a year and significant ETF inflows noted recently, the market shows strong momentum for the leading cryptocurrency.(Source)
