PNC Bank, the sixth-largest commercial bank in the United States, has launched direct spot Bitcoin trading for eligible private bank clients, becoming the first major U.S. bank to offer native Bitcoin exposure.
Crypto analysts say the domino effect of this direct custody could positively impact the trajectory of the Bitcoin price prediction.
U.S Banks Break Down Barriers to Bitcoin Access
The new PNC bank service enables qualified private banking clients to purchase, hold, and sell Bitcoin without relying on external cryptocurrency exchanges.
This development follows a crucial regulatory milestone from the Office of the Comptroller of the Currency, which recently confirmed that national banks may conduct riskless principal crypto-asset transactions.
The decision permits U.S. banks to function as intermediaries in crypto trades by simultaneously buying from one customer and selling to another without maintaining inventory.
Last week, Bank of America authorized its 15,000 wealth management advisers to recommend 1%–4% crypto allocations for client portfolios, signaling a broader institutional embrace of mainstream Bitcoin exposure.
In October, Citibank announced plans to launch crypto custody services in 2026, after developing the infrastructure over two to three years.
Meanwhile, Cryptonews reported in September that BNY Mellon is advancing toward offering custody services for Bitcoin and Ethereum, specifically targeting exchange-traded product clients.
If other major banks replicate PNC’s approach, BTC could establish stronger support levels in the coming months and position itself for a further push toward the $100,000–$130,000 range heading into 2026.
Bitcoin Price Prediction: Breakout Targets $105K, $110K, $120K
Bitcoin is attempting to escape a multi-week descending channel after defending critical support near $83,000.
The recent bounce pushed the price back above the 9-day simple moving average, demonstrating early momentum, though it remains near the channel’s upper boundary.
The RSI has climbed out of oversold territory and is now approaching the mid-50s, indicating recovering bullish momentum following a prolonged downtrend.
If Bitcoin closes decisively above the descending channel and maintains support above $90,000–$92,000, charts suggest upside continuation toward resistance clusters at $105,000, $110,000, and potentially $120,000.
However, failure to sustain this breakout zone risks a retest of $83,000 support.
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The post Bitcoin Price Prediction: US Bank Now Lets Clients Buy BTC Directly – Could This Be the Start of a Banking Domino Effect? appeared first on Cryptonews.
