Institutional Adoption Gaining Momentum

Brazil’s largest bank, Itaú Unibanco, has recommended a 1–3% Bitcoin allocation for client portfolios, presenting $BTC as a diversification asset and a hedge against currency risk. This is a strong institutional endorsement from Latin America and further evidence that traditional finance is steadily recognizing Bitcoin as a strategic asset.

Market Update

Current Price: ~89,800

Bitcoin is consolidating just below the $90,000 psychological level

Short-term momentum remains cautious

Price is below short-term EMAs

RSI is neutral to slightly bearish, signaling uncertainty and fear in sentiment

Technical Outlook & Targets While short-term pressure persists, the overall structure remains positive as long as key support holds.

Key Support Zone: 89,000 – 90,000

Upside Targets (on strong hold and volume confirmation):

Target 1: 92,500

Target 2: 94,000

Target 3: 96,000 (if momentum expands)

A clean hold and reclaim above $90,000 can open the path toward the 92.5k–94k resistance area, keeping the broader bullish trend intact.

Focus on levels. Patience here can pay.