If the Bank of Japan raises interest rates as scheduled, the crypto world may be bloodied! Bitcoin could fall below $70,000
According to Cointelegraph, some macro analysts believe that if the Bank of Japan raises interest rates as expected on December 19, Bitcoin may further retrace 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 more than 20% drop in Bitcoin prices, such as approximately 23% in March 2024, about 26% in July 2024, and around 31% in January 2025. If the Bank of Japan raises interest rates next week, similar downside risks may reemerge.
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If the Bank of Japan raises interest rates as scheduled, the crypto world may be bloodied! Bitcoin could fall below $70,000
According to Cointelegraph, some macro analysts believe that if the Bank of Japan raises interest rates as expected on December 19, Bitcoin may further retrace 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 more than 20% drop in Bitcoin prices, such as approximately 23% in March 2024, about 26% in July 2024, and around 31% in January 2025. If the Bank of Japan raises interest rates next week, similar downside risks may reemerge.
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