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$BTC Citi analysts cut 12-month forecast for BTC and ETH (Reuters)
▪Base case:
• Target for #BTC – $82,000 (previously $112,000).
• Target for #ETH – $2,240 (previously $3,175).
▪Reasons for revision:
• Shift of spot crypto ETFs to net outflows.
• Weakening investor interest in the crypto market.
• Delays in passing crypto legislation in the US.
▪Other scenarios from Citi:
• Bullish: BTC rises to $140,000, ETH to $3,360.
• Bearish: BTC falls to $53,000, ETH to $1,094.