Citi: Maintains bitcoin 12-month target at $181,000
According to ChainCatcher, Citi analyst Alex Saunders pointed out that $80,000 is a key level for bitcoin ETF holders, and stated that a regulatory breakthrough next year could restore demand. Therefore, the bank maintains its target price for bitcoin at $181,000 over the next 12 months.
Alex Saunders stated that interest has not disappeared, but long-term holders remain cautious, while newcomers believe there is little reason to get involved when bitcoin is trading below key technical levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
European economic resilience exceeds expectations, ECB board member Kocher says higher interest rates are sustainable
Martin Kocher, a member of the Executive Board of the European Central Bank and Governor of the Austrian National Bank, stated in an interview that the resilience shown by the European economy has exceeded expectations.
Reform remains unresolved, UBS downgrades Pacific Gas and Electric (PCG.US) rating to "Neutral"
UBS has downgraded California utility company Pacific Gas and Electric (PCG.US) from "Buy" to "Neutral," lowering the target price from $19 to $14.
UBS is bullish on CoreWeave (CRWV.US): Initiates "Buy" rating, betting on the return of AI trading rotation.
UBS has initiated coverage of the emerging cloud service provider CoreWeave (CRWV.US) with a "Buy" rating and set a target price of $120.
Crypto prices
More
