Citi just raised its 12-month $BTC target to $113K — up from $82K. 👀

The bank points to stronger crypto activity, a more supportive macro backdrop and renewed ETF inflows.

Citi also expects around $5B in crypto inflows over the next 12 months.

But remember: $113K is Citi’s forecast, not a guaranteed price.

For traders, the bigger story is the combination of ETF flows + institutional allocation.

If those flows keep building, that’s the part worth watching. 👀
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