{"id":49160,"date":"2025-12-02T11:06:03","date_gmt":"2025-12-02T16:06:03","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=49160"},"modified":"2025-12-02T11:06:10","modified_gmt":"2025-12-02T16:06:10","slug":"bitcoin-price-roars-above-91000","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-roars-above-91000","title":{"rendered":"Bitcoin Price Roars Above $91,000 as Wall Street Ramps Up Its Bitcoin Buying Plans"},"content":{"rendered":"
<\/div>\n

Bitcoin price ripped back above $91,000 on Tuesday, extending a powerful rebound as Wall Street institutions deepen their push into digital assets.<\/p>\n\n\n\n

The bitcoin price traded at $91,089 at press time, up 8% over the past 24 hours. Trading volume surged to $78 billion, marking one of the strongest sessions of the past month.<\/p>\n\n\n\n

Bitcoin price is now sitting just above its 7-day high of $89,966 and remains 7% above last week\u2019s low of $83,989. The asset\u2019s market cap stands at $1.79 trillion, rising 5% in a day as fresh institutional flows hit the market.<\/p>\n\n\n\n

Momentum flipped sharply in the early morning session. BTC blasted<\/a> through the $90,000 level after holding key weekend support zones. <\/p>\n\n\n\n

The rebound comes at a moment when major banks and brokerages \u2014 long hesitant \u2014 are finally opening the gates to regulated Bitcoin exposure. <\/p>\n\n\n\n

Banks and Wall Street affecting Bitcoin price<\/h2>\n\n\n\n

Bank of America is making its most aggressive move into digital assets yet. The bank will now allow<\/a> its 15,000 wealth advisers to recommend a 1%\u20134% crypto allocation, a dramatic shift that brings one of the country\u2019s largest institutions fully into the Bitcoin ETF era.<\/p>\n\n\n\n

The change takes effect January 5, when the bank\u2019s chief investment office begins formal research coverage of four leading Bitcoin ETFs:Bitwise BITB, Fidelity FBTC, Grayscale Bitcoin Mini Trust and BlackRock IBIT<\/p>\n\n\n\n

Until now, advisers were barred from discussing Bitcoin unless the client initiated the conversation. That firewall is now gone.<\/p>\n\n\n\n

Chris Hyzy, CIO for Bank of America Private Bank, said the bank is taking a \u201cmeasured\u201d approach, framing crypto as a thematic innovation play suitable only through regulated products. Conservative investors are expected to lean toward the 1% range, while higher-risk clients may approach 4%.<\/p>\n\n\n\n

Bank of America\u2019s move aligns it with peers that have already shifted. Morgan Stanley recommended<\/a> a 2%\u20134% Bitcoin allocation in October. BlackRock has also argued that 1%\u20132% in BTC improves long-term portfolio efficiency.<\/p>\n\n\n\n

Meanwhile, another big bank holdout just flipped. Vanguard, the second-largest asset manager in the world, will start<\/a> allowing Bitcoin and crypto-linked ETFs and mutual funds on its platform starting today. More than 50 million brokerage clients will now gain access to crypto exposure for the first time.<\/p>\n\n\n\n

The move is a major reversal for Vanguard, which for years called Bitcoin too speculative for long-term portfolios. <\/p>\n\n\n\n

Bitcoin price analysis: Bulls fight back as analysts eye $75,000<\/h2>\n\n\n\n

The price action<\/a> turns sharply higher today, but the broader picture remains tense<\/a>. Bitcoin price has been in a two-month downtrend since peaking<\/a> above $126,000 in October. The asset fell nearly 30% before finding support between $83,800 and $84,000, a zone traders defended repeatedly over the past week.<\/p>\n\n\n\n

Last month\u2019s close was bearish. November produced a large red monthly candle, erasing gains from April through June and confirming a bearish MACD cross<\/a> on the monthly chart \u2014 a high-time-frame signal that historically precedes weak momentum for several months.<\/p>\n\n\n\n

Key levels are now becoming clearer on the chart. Bitcoin price faces immediate resistance at $91,400, followed by $93,000 and $94,000. There is also heavy resistance between $98,000 and $103,000, which remains a major ceiling for the market.<\/p>\n\n\n\n

Bulls managed to push the price above $90,000 today, but they still face strong overhead pressure throughout the $91,400\u2013$94,000 zone.<\/p>\n\n\n\n

On the downside, support sits first at $87,000, which aligns with the 0.146 Fibonacci level, followed by $84,000. Below that, deeper supports appear at $75,000 and the broader $69,000\u2013$72,000 range. The next major support beyond that sits near $57,700.<\/p>\n\n\n\n

If BTC loses $84,000 again with momentum, analysts from Bitcoin Magazine warn the path to $75,000 opens quickly.<\/p>\n\n\n\n

The Federal Reserve\u2019s December 9\u201310 meeting looms large<\/a>. Markets are pricing an 80%+ chance of a 25 bps rate cut \u2014 a move that historically supports risk assets. A pause, however, could trigger another wave of selling.<\/p>\n\n\n\n

At the time of writing, the bitcoin price trades at $91,039.<\/p>\n\n\n\n

\"bitcoin<\/figure>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price roared back above $91,000 today.<\/p>\n","protected":false},"author":3817,"featured_media":49162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[76,132,5454],"class_list":{"0":"post-49160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-bitcoin-price","10":"tag-markets"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Price-Roars-Above-91000-as-Wall-Street-Ramps-Up-Its-Bitcoin-Buying-Plans.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=49160"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/49162"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=49160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=49160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=49160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}