ChainCatcher message, against the backdrop of the recent decline in Bitcoin prices, Citigroup's baseline forecast for Bitcoin's price over the next 12 months is $143,000, an increase of about 62% from the current price of $88,000. Citigroup analysts Alex Saunders, Dirk Willer, and Vinh Vo stated in a joint report that $70,000 is a key support level for Bitcoin, and due to the resurgence of ETF demand and optimistic market expectations, prices could rise significantly.

However, there is also a pessimistic side; against the backdrop of a global economic recession, Bitcoin prices could drop to $78,500; while in an optimistic scenario, due to increased investor demand, Bitcoin prices could rise to $189,000.