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BTC Price Target: Citi Raises Bitcoin Forecast To $113K, <a s long-term outlook.
Over the last three months, bitcoin and ether have surged by approximately 40% and 68% respectively, helping to reduce their losses for the year.
Bitcoin (BTC) and <a s early trading session. Citigroup increased its 12-month price targets for both major cryptocurrencies, citing heightened market activity, a more favorable macroeconomic environment, and a resurgence in exchange-traded fund inflows.
According to an investor note referenced by Reuters, the firm boosted its bitcoin price target from $82,000 to $113,000—a jump of roughly 38%—while simultaneously raising its Ethereum target from $2,240 to $3,028.
