Is the fuel of
#WallStreet running out?
Citi cuts its targets for
#BTC and
#ETH due to the legislative "brake" in the U.S.
The banking giant adjusts its predictions downward but maintains a bullish scenario of $112,000 for
#bitcoin . Buying opportunity or market exhaustion?
The analysis led by Alex Saunders reveals a change of sentiment in Citigroup's offices.
Citi has lowered the bar. The new 12-month target for Bitcoin is $112,000 (previously $143,000) and for
#Ethereum it is $3,175 (previously $4,304). Despite the cut, this still represents significant growth from current levels.
The Senate "Wall": The main reason for pessimism is political sluggishness. Although the CLARITY Act advanced in the House, the stalling in the Senate is cooling institutional enthusiasm. Without clear rules dividing powers between the SEC and the CFTC, big capital remains cautious.
ETF Under the Microscope: Citi reduced its capital inflow estimates for ETFs to $10 billion in BTC and $2.5 billion in ETH. Although demand remains the "most important positive factor", the post-halving momentum has faded faster than expected.
Critical Weakness in Ethereum: The report is particularly cautious with Ethereum. Its price depends directly on on-chain activity, which Citi qualifies as "weak". However, they see a light at the end of the tunnel thanks to asset tokenization (RWA) and the growth of stablecoins.
Extreme Scenarios
Sky (Bull Case): If mass adoption accelerates, BTC could reach $165,000.
Floor (Bear Case): In the event of a macroeconomic recession, support could fall to $58,000.
$BTC $ETH