Citi's prediction this time is indeed quite aggressive, with a baseline price of $143,000, representing a 62% increase from the current $88,000. However, I think the numerical situation needs to be assessed carefully.
The key support level is around $70,000. If this level can hold steady, combined with a rebound in ETF demand, there is indeed a possibility of pushing higher. But the problem is the global economic situation is still uncertain; in a pessimistic scenario, it could drop to $78,500. On the optimistic side, it could reach $189,000, which still leaves a lot of room for imagination.
The most interesting point is Citi mentioning the potential digital asset legislation in the second quarter in the US, which is the real highlight. If policies become more friendly, institutions and retail investors will truly enter the market. Currently, it's still a wait-and-see stage; wait until there is movement in legislation before making any moves. Don't get too excited by these predicted figures. Anyway, no matter how the price moves, if the $70,000 line can't be held, then that's when real panic sets in.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Citi's prediction this time is indeed quite aggressive, with a baseline price of $143,000, representing a 62% increase from the current $88,000. However, I think the numerical situation needs to be assessed carefully.
The key support level is around $70,000. If this level can hold steady, combined with a rebound in ETF demand, there is indeed a possibility of pushing higher. But the problem is the global economic situation is still uncertain; in a pessimistic scenario, it could drop to $78,500. On the optimistic side, it could reach $189,000, which still leaves a lot of room for imagination.
The most interesting point is Citi mentioning the potential digital asset legislation in the second quarter in the US, which is the real highlight. If policies become more friendly, institutions and retail investors will truly enter the market. Currently, it's still a wait-and-see stage; wait until there is movement in legislation before making any moves. Don't get too excited by these predicted figures. Anyway, no matter how the price moves, if the $70,000 line can't be held, then that's when real panic sets in.