The Economic Times

Bitcoin price target: Why Citi raised its BTC USD forecast to $113,000 from $82,000 as the cryptocurrency rebounds

Bitcoin (BTC USD) price target: Citigroup has increased its 12-month Bitcoin price target from $82,000 to $113,000 due to favorable market conditions. The bank expects $5 billion in crypto investment product inflows over the next year as advisers increase allocations. Spot Bitcoin ETFs have started seeing renewed inflows after significant outflows earlier this year.