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Citi raises Bitcoin 12-month forecast to $113K amid ETF inflows and easing inflation fears

Market News
01 Oct 2026
Coinpaper
View Source
Bullish
Citi raises Bitcoin 12-month forecast to $113K amid ETF inflows and easing inflation fears

Citi has increased its 12-month Bitcoin price forecast from $82,000 to $113,000, citing stronger crypto activity, improving macroeconomic conditions, and renewed inflows into Bitcoin ETFs as key factors. Bitcoin recently traded near $85,380, gaining after softer U.S. inflation data eased concerns over further Federal Reserve rate hikes. The $85,000-$87,000 range remains a critical resistance zone; a sustained break above $87,000 could lead to a rally toward $90,000 and potentially $100,000. Institutional demand through ETF purchases is seen as a major catalyst to support this breakout and further price gains.

As of Oct 01, 2026 18:51 WIB, Bitcoin trades on Pluang at Rp1.509.677.722 with a modest 1-day gain of 0.48%. The platform shows a strong buy interest with 63% of order activity favoring purchases and a typical hold time of 110 days. This active trading environment on Pluang complements the article's focus on renewed institutional demand and potential price rallies.

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