Bitcoin Magazine Bitcoin Price Flirts With $120,000 as Citi Gives Strong Bitcoin Price Target

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, against Republicans aligned with President Donald Trump, who has threatened benefit cuts if no deal is reached.

Bitcoin closed September up 5% at around $114,000, defying its usual seasonal w

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