$BTC just got another major macro tailwind.
US jobs data came in much weaker than expected, crushing the odds of another Fed rate hike in October to around 17%. Less tightening pressure = more oxygen for risk assets.
And now Citi has raised its 12-month Bitcoin target from $82K to $113K, citing stronger crypto activity, ETF inflows and an improving macro backdrop.
Bitcoin is already reacting.
If liquidity keeps rotating back into crypto, I don’t think $113K is the destination.
I think it’s just the beginning.
The next major Bitcoin move could catch everyone off guard.
US jobs data came in much weaker than expected, crushing the odds of another Fed rate hike in October to around 17%. Less tightening pressure = more oxygen for risk assets.
And now Citi has raised its 12-month Bitcoin target from $82K to $113K, citing stronger crypto activity, ETF inflows and an improving macro backdrop.
Bitcoin is already reacting.
If liquidity keeps rotating back into crypto, I don’t think $113K is the destination.
I think it’s just the beginning.
The next major Bitcoin move could catch everyone off guard.
