Citi Analysts Unveil Bitcoin Bull Case Price Target, Say BTC Returns Since 2024 Can Largely Be Explained by One Catalyst Alone: Report
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Citi analysts have introduced a new Bitcoin price forecast model, emphasizing that BTC's value is largely driven by demand. They predict a "bull case" price target of $199,340, a "base case" of $135,133, and a "bear case" of $63,675 by year-end. The analysts highlight that net weekly flows into Bitcoin ETFs significantly influence BTC returns, marking a shift in how digital assets are valued within the broader macroeconomic context.
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