Bitcoin is entering October with a different macro backdrop.
U.S. September jobs data came in weak enough to push market expectations for an October Fed hike sharply lower from 64% to just 22%. At the same time, the dollar weakened and Treasury yields eased.
That matters for BTC.
Less pressure from rates + renewed ETF demand + improving liquidity conditions can create a much friendlier environment for risk assets.
Citi just raised its 12-month Bitcoin target from $82K to $113K, citing stronger crypto activity, ETF flows and macro conditions.
But the key question isn’t whether $113K is possible.
It’s whether Bitcoin can hold the higher lows that justify the narrative.
Bullish thesis: macro + flows continue improving.
Bearish thesis: BTC rallies while liquidity fails to follow.
I’m watching confirmation, not predictions.
#bitcoin #BTC #crypto #MannequinCrypto
U.S. September jobs data came in weak enough to push market expectations for an October Fed hike sharply lower from 64% to just 22%. At the same time, the dollar weakened and Treasury yields eased.
That matters for BTC.
Less pressure from rates + renewed ETF demand + improving liquidity conditions can create a much friendlier environment for risk assets.
Citi just raised its 12-month Bitcoin target from $82K to $113K, citing stronger crypto activity, ETF flows and macro conditions.
But the key question isn’t whether $113K is possible.
It’s whether Bitcoin can hold the higher lows that justify the narrative.
Bullish thesis: macro + flows continue improving.
Bearish thesis: BTC rallies while liquidity fails to follow.
I’m watching confirmation, not predictions.
#bitcoin #BTC #crypto #MannequinCrypto