Citigroup’s latest research places Bitcoin price on a material upside trajectory, targeting a price of $143,000 within 12 months, roughly a 62% rise from current levels near $88,000. The firm flags $70,000 as a key support level, underscoring potential resilience amid volatile sessions. Analysts Alex Saunders, Dirk Willer, and Vinh Vo point to renewed ETF demand and improving risk sentiment as catalysts for a constructive setup.
On the downside, a global recession could weigh on the Bitcoin price, with a bear-case around $78,500. In a bull-case scenario, sustained demand inflows and improving macro conditions could lift the price toward $189,000. The report cautions that such outcomes are not guarantees and stresses disciplined risk management, diversification, and close monitoring of policy shifts, ETF activity, and on-chain indicators to gauge the evolving demand/supply balance.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-outlook-citi-predicts-143k-in-12-months-as-etf-demand-could-drive-rally-to-189k-or-pullback-to-78-5k
