Bitcoin Price Prediction: Itaú Recommends Bitcoin Exposure
Itaú Asset Management, the investment arm of Brazil's biggest private bank, suggests that investment in Bitcoin should be between 1-3% of the portfolio in the year 2026. This is in line with other major banks such as Morgan Stanley and Bank of America.
Key Points- Itaú's Recommendation: Allocate 1-3% of portfolios to Bitcoin, citing its potential as a portfolio stabilizer and growth opportunity.
- Uncorrelated Asset: Bitcoin is unique among assets since it does not correlate with other assets like bonds, stocks, or real estate. This is a great
- Institutional Adoption: Itaú signs up with Morgan Stanley and Bank of America in supporting moderate levels of crypto investment, with allocation levels of 2-4% and 1-4%, respectively.
Bitcoin Price Analysis- Current Price: $90,467.70, indicating a slight increase of 0.
- Technical Analysis: Descending channel pattern with the formation of a 'bear wick' that represented intense selling pressure which encountered buy support. - Support levels: Critical support is pegged at $80,638, with resistance levels at $102,152 and $116,453 - RSI Indicator: 44.61, Currently Shows a Neutral Trend with a Bearish Signal.
