{"id":14230,"date":"2026-10-08T14:49:46","date_gmt":"2026-10-08T14:49:46","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14230"},"modified":"2026-10-08T14:49:46","modified_gmt":"2026-10-08T14:49:46","slug":"citi-predicts-bitcoin-going-back-to-113000-heres-what-the-buying-data-shows","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14230","title":{"rendered":"Citi predicts Bitcoin going back to $113,000. Here\u2019s what the buying data shows"},"content":{"rendered":"

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Citi’s $113,000 Bitcoin target would require a roughly 36% rise from the Oct. 7 reference price, keeping it below its previous record. The harder question is whether buying can sustain that recovery. Onchain analytics firm Glassnode’s fresh analysis shows new money entering the market alongside unusually thin trading.<\/p>\n

The bank raised its twelve-month Bitcoin forecast from $82,000 on Oct. 1, citing stronger activity, supportive macro conditions and renewed ETF inflows, Reuters reported. Citi also forecast $5 billion of crypto inflows over the following year as advisers and brokerages gradually increase allocations. That horizon points to approximately autumn 2027.<\/p>\n

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Related Reading<\/span><\/p>\n

Bitcoin\u2019s $113,000 case strengthens as US regulators push 9 crypto actions<\/h3>\n<\/p>\n

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How large is the required move?<\/h2>\n

The calculation starts with the Bitcoin price quote on Oct. 7: $83,085. Reaching $113,000 requires a 36% gain, equivalent to approximately 2.6% compounded monthly over twelve months.<\/p>\n

The target also sits about 10.5% below Bitcoin’s prior $126,198.07 record. It would therefore be a recovery within a previously traded price range.<\/p>\n

Holding the page’s rounded circulating supply of 20.09 million BTC fixed, the target implies approximately $2.27 trillion in quoted market capitalization, an increase of about $601 billion. This approximate valuation comparison excludes subsequent coin issuance.<\/p>\n

Market capitalization multiplies the latest price by circulating supply, revaluing coins that have stayed in holders’ wallets. The $601 billion increase describes that change in valuation; the cash needed to move prices depends on actual trading.<\/p>\n

Historical volatility supplies another scale check. Glassnode’s point-in-time data put one-year annualized realized volatility at 43.97% as of Oct. 6. Using logarithmic returns to match the volatility measure, the required gain is about 30.8%, or 0.70 times that annualized scale. A probability or direction forecast would require additional assumptions.<\/p>\n

What the ETF assumption can establish<\/h3>\n

Citi published a historical association in its January 2025 outlook: roughly 4.7% Bitcoin returns associated with each $1 billion of ETF inflows. The bank said flows explained about 46% of price-action variance in that analysis.<\/p>\n

Its public summary leaves the observation frequency and complete regression equation undisclosed. Reuters’ latest report also leaves the $5 billion flow category unspecified. Those gaps limit any calculation to an arithmetic illustration using an older relationship.<\/p>\n

Assuming the entire reported $5 billion became Bitcoin ETF net inflows, applying the old association linearly to the Oct. 7 reference price gives 23.5% upside and a price near $102,600. This calculation cannot reproduce Citi’s current model, establish that $5 billion is insufficient or identify a necessary annual inflow threshold.<\/p>\n