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.