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Bitcoin Price Prediction: Brazil’s Largest Private Bank Itaú Supports Bitcoin Exposure — Can 3% allocation Push BTC Higher?

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Itaú Asset Management, the funding division of Brazil’s largest non-public financial institution, has suggested traders to allocate 1% to three% of their portfolios to Bitcoin in 2026

The advice, published earlier this week, emerges as Bitcoin price prediction fashions recommend doable upward momentum regardless of BTC’s sharp 30%+ correction from October’s peak ranges.

Itaú Analyst Says Bitcoin Offers “Uncorrelated” Portfolio Protection

Itaú analyst Renato Eid emphasised that Bitcoin operates essentially in a different way from equities, mounted earnings, or home belongings.

Though value swings stay a defining attribute, the establishment contends Bitcoin can function a portfolio stabilizer whereas delivering progress alternatives in periods when conventional investments falter.

Itaú Asset now stands alongside Morgan Stanley and Bank of America in promoting controlled crypto exposure, with these monetary giants suggesting 2-4% and 1-4% ranges, respectively.

Brazilian market members encountered amplified volatility as their nationwide foreign money gained over 15% in worth towards the U.S. greenback this 12 months.

This trade fee motion intensified losses for native traders sustaining dollar-priced holdings like Bitcoin.

Internal research from Itaú demonstrated minimal correlation between BITI11, the financial institution’s domestically traded Bitcoin exchange-traded fund, and competing asset classes.

Bitcoin Price Prediction: $90K Support Test And Bear Wick Signals Buyer Defense

On the 1-day Bitcoin chart, value presently trades at $90,467.70, reflecting a modest 0.22% achieve.

The technical image shows a descending channel sample that has dominated since October’s highs.

The chart highlights a “bear wick” formation in current value motion, usually indicating robust promoting strain that encountered shopping for curiosity.

Bitcoin is presently testing the descending channel’s decrease boundary close to $90,467, with crucial assist recognized at $80,638.

Bitcoin Price Prediction - Bitcoin Price Chart
Source: TradingView

Resistance ranges are clearly marked at $102,152 and a extra substantial barrier at $116,453.

The RSI indicator registers 44.61, positioned in impartial territory however leaning barely bearish.

This suggests Bitcoin isn’t oversold but, which means further draw back stays doable if promoting strain intensifies.

A possible decline towards the $80,000 assist zone, adopted by a reversal, may set off a rally again towards $102,000 and doubtlessly larger towards $116,000.

Failure to take care of present ranges would probably speed up draw back motion, whereas a robust bounce with rising quantity may validate the bullish reversal situation outlined within the projection.

MAXI Raise $4.3M And Targets Early Investors Before Rewards Drop

As Bitcoin defends the $90K stage to construct momentum for a 2026 rally, early-stage tasks like Maxi Doge ($MAXI) are attracting traders searching for to profit from the upcoming wave of capital flowing into crypto.

Drawing inspiration from Dogecoin’s monster rally through the 2021 bull run, $MAXI is creating an alpha channel the place merchants share insider suggestions, early commerce concepts, and hidden alternatives earlier than they achieve widespread consideration.

The $MAXI presale has now raised over $4.3 million and gives probably the most accessible entry factors for normal traders on this market cycle.

Bitcoin Price Prediction - Maxidoge banner

Participants who be part of now can nonetheless buy earlier than the value will increase and earlier than the 72% annual staking rewards lower.

To purchase early, go to the official Maxi Doge website and join a crypto pockets like Best Wallet.

You will pay with widespread crypto like USDT and ETH, or use a financial institution card to finish your buy instantly.

Visit the Official Maxi Doge Website Here

The put up Bitcoin Price Prediction: Brazil’s Largest Private Bank Itaú Supports Bitcoin Exposure — Can 3% allocation Push BTC Higher? appeared first on Cryptonews.

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