Citibank has issued fresh 12-month price targets for Bitcoin and Ethereum, laying out a wide set of possible outcomes that range from steep drops to large gains.
According to the bank’s latest note, Bitcoin’s base case sits at $181,000, while a bearish scenario puts it at $82,000. A bullish run could push Bitcoin to $231,000 within a year.
Citi Lays Out Wide Range
Based on reports, Citi is avoiding a single forecast and instead gives three clear paths for Bitcoin. The bank’s bearish mark of $82,000 represents a 31% fall from Bitcoin’s current quoted price of $120,314.
The base case of $181,000 would be a 52% rise. At the top end, Citi’s $231,000 figure is roughly 95% above today’s level. Those are big swings. They show how much uncertainty traders face.
Citi introduces new 12-month price targets for digital assets:
Bear Base Bull
BTC $82k $181k $231k
ETH $2k $5.4k $7.3k pic.twitter.com/AlpWPaK2YW
— matthew sigel, recovering CFA (@matthew_sigel) October 2, 20
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