Central bank interest-rate decisions, especially the Fed's, will influence markets this week. (Natalie Behring/Getty Images)
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The U.S. Federal Reserve is likely to dominate markets, both crypto and traditional, in the coming week. Traders are positioned for a rate cut of at least 25 basis points when the Fed announces its decision on Sept. 17, according to CME's Fedwatch tool.
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The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
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Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.