Analysts at Citi said the $143,000 level is their base case for bitcoin's price, with a bull model north of $189,000 and a bear estimate of around $78,500. Bitcoin (BTCUSD) on Friday was trading around $89,000 - down about 30% from its late October peak. While bitcoin ETFs saw large outflows after the recent peak, those flows have calmed recently. "Our forecasts, in particular for bitcoin, rest on an assumption that investor adoption continues with flows into ETFs of $15 billion boosting token prices," said analysts led by Alex Saunders, head of global quant macro strategy at the bank. The U.S. Senate is ... (full story)