Siebert’s Brian Vieten targets 117% rally for Bitcoin to $175,000 despite ETF outflows

Bitcoin may surge as much as 117% to $175,000 in the coming quarters, according to Brian Vieten, senior research analyst at Nasdaq-listed Siebert Financial, even after the cryptocurrency slipped toward $80,000 in recent trading. This bullish forecast follows a turbulent period for Bitcoin, characterized by renewed outflows from exchange-traded funds, persistent inflation, and uncertainty over Federal Reserve interest rates. On October 15, Bitcoin traded close to $80,800, underscoring the significant gap between its current price and Vieten’s ambitious target.

Source: CoinTurk News