"Bitcoin climbed above $119,000 on Thursday, bucking a broader market downturn as investors sought safety following the U.S. government's shutdown. Bitcoin traded at highs of $119, 890 in morning trading, even as Wall Street stocks slid on political dysfunction in Washington. Lawmakers failed to secure enough votes late Tuesday to keep the government funded, triggering a shutdown at midnight. The standoff pits Democrats, led by Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries,"
"Citigroup analysts reinforced a positive 12-month outlook for Bitcoin in a note to clients this week, setting a Bitcoin target of $181,000 while revising their year-end forecast to $132,000. The bank cited robust inflows - estimated at $7.5 billion through year-end - and growing demand from institutional investors. "We are more positive on Bitcoin compared to Ether, as it captures an outsized portion of incremental flows into crypto markets," Citi analysts wrote, adding that a supportive U.S. regulatory environment could sustain momentum into 2026."
Bitcoin rose above $119,000 while Wall Street stocks slid amid a U.S. government shutdown caused by lawmakers failing to secure funding. The political standoff involved Democrats and Republicans aligned with President Trump and prompted market risk-off behavior that benefited safe-haven flows into Bitcoin. Bitcoin closed September up about 5% near $114,000, defying typical seasonal weakness and setting up a historically bullish fourth quarter. Citigroup and other analysts issued bullish forecasts, citing robust inflows, growing institutional demand, and supportive regulatory factors. Liquidity indicators, stablecoin trends, global M2 growth, and gold's rally point to potential further upward momentum toward $150,000 or higher.
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