Analysts predict that if the Bank of Japan raises interest rates as expected, Bitcoin may pull back to the $70,000 level.
some macro analysts believe that if the Bank of Japan raises interest rates as expected on December 19, Bitcoin may further pull back to the $70,000 level. Analyst AndrewBTC, who tracks historical data, states that every rate hike by the Bank of Japan since 2024 has been accompanied by a drop of more than 20% in Bitcoin's price, such as a decline of about 23% in March 2024, about 26% in July 2024, and about 31% in January 2025. If the Bank of Japan raises rates next week, similar downside risks may reoccur.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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