Citi: Maintains Bitcoin target of $181,000 within 12 months

Citigroup analyst Alex Saunders pointed out that $80,000 is a key level for Bitcoin ETF holders and stated that regulatory breakthroughs next year could restore demand. Therefore, the bank maintains its target price for Bitcoin over the next 12 months at $181,000.

Alex Saunders mentioned that interest has not disappeared, but long-term holders are taking a cautious approach, while newcomers believe there is not much reason to get involved when Bitcoin is trading below key technical levels.