Bitcoin Price Outlook at $89,500 as Korea’s $48M Breach, UBS Crypto Plans and Bitwise ETF Shape Market View

Bitcoin is hovering near $89,500 as traders watch a tightening range following a recent rejection from around $97,000. At the same time, South Korean prosecutors are probing an alleged $48 million loss of seized BTC, UBS is assessing crypto access for private banking clients, and Bitwise has launched a Bitcoin-gold macro ETF. Technical signals highlight key support around $87,300–$88,000 and a potential upside break if $90,980 is cleared.