Oh my god, I just saw Citigroup's forecast that Bitcoin could rise to $143,000 in the next year??? From the current $88,000, that's a 62% increase. This number has left me a bit stunned...😲

But I noticed that the analyst specifically mentioned $70,000 as a key support level. What does that mean? Does it imply that if the price falls below this level, it's dangerous? Also, in the worst-case scenario, it could drop to $78,500, while the best case could reach $189,000... The range of fluctuation is so huge, almost a $100,000 difference.

Honestly, seeing all these predictions makes me both excited and a little anxious. I still feel like I haven't fully grasped the market logic. They mentioned that a rebound in ETF demand could push prices higher, but I haven't completely understood this. Can someone help explain it to me? What is the mechanism by which ETFs influence Bitcoin prices?🤔

It seems that institutional optimism is a good sign, but I want to learn more before taking action. After all, I just entered the market and really don't understand much. Can anyone recommend some reliable beginner resources to help me better understand the logic behind these market forecasts?