๐ฆ Citi expects the price of Bitcoin to reach $133,000 by the end of the year, driven by strong flows from ETFs and rising institutional demand.
๐ The price of Bitcoin rises further, describing it as $165,000 as a "fair value" if Bitcoin continues to compete with gold as a store of value.
๐ฐ Some analysts expect a flow of capital from gold to Bitcoin, especially if the Federal Reserve eases its monetary policy.
โ ๏ธ On the negative side, City forecasts indicate that the price of Bitcoin may drop to $83,000 if macroeconomic risks or recession fears intensify.
๐ฅ Meanwhile, Standard Chartered remains extremely optimistic, targeting $200,000 by December!
๐งญ Market mood:
Wall Street's tone is changing - Bitcoin is no longer a "alternative", but an asset worth following.
Momentum from exchange-traded funds + favorable economic winds = ๐ฅ Potential opportunity for a strong fourth quarter.
๐ The accumulation season may be at its peak...
