Citi Cuts Bitcoin Target To $82,000 As ETF Demand Weakens
· newsbtc editorial team
AI Briefing
- Citi lowers 12-month Bitcoin forecast to $82,000 due to changed ETF inflow assumptions.
- Citi resets ETF inflow assumptions, affecting Bitcoin and Ether price forecasts.
- Citi's revised forecast comes after a weakening in demand for Bitcoin ETFs.
Context
Citi has reduced its 12-month forecasts for Bitcoin and Ether. The bank lowered its target for Bitcoin to $82,000.
The reduction in forecasts is due to weakened ETF demand, which led Citi to reset its ETF inflow assumptions.
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