Citigroup analysts predict bitcoin’s growth to $ 165,000

Bitcoin continues to grow: the price of the flagship crypto market BTC $73,836.25 Mezo Wrapped BTC 0.75% Market capitalization $41.45 million VOL. 24 hours $1.23 billion has approached $ 74,000, which means an increase of 6.5% over the past week. This is a renewed momentum after several months of relative stability in the market.

In their new forecast, Citigroup analysts have adjusted the expected price of bitcoin for the next 12 months to $ 112,000. Previously, the bank estimated the cryptocurrency’s potential at around 143 thousand. Analysts explain the change in the forecast by a combination of market factors and regulatory uncertainty.

One of the key constraints is the lack of clear laws on cryptocurrencies in the United States. Lawmakers have not yet adopted rules for stablecoins and decentralized financial services. This is slowing down institutional adoption: large investors are in no hurry to increase the share of cryptocurrencies in their portfolios without clear regulations.

Against this background, bitcoin is trading in a relatively stable range: from $ 73.5 to $ 74.8 thousand per day and from $ 69 to $ 75.6 thousand over the past week. Citigroup outlines several scenarios: in the event of an economic downturn or regulatory delays, the price could fall to 58 thousand, and in the event of strong investor interest, it could rise to 165 thousand.

In the baseline scenario, the bank expects bitcoin to trade at around $ 112,000 within a year. This makes it an attractive asset for investors, although it remains risky. Further price movements will be determined by political decisions, market participants' sentiments, and online activity.