Express
Analysis: Bitcoin may retrace to $70,000 level if Bank of Japan raises interest rates as scheduled
Summary: According to analysts, if the Bank of Japan raises interest rates as expected on December 19, Bitcoin may further retrace to the $70,000 level. Analyst AndrewBTC tracked historical data and found that since 2024, every time the Bank of Japan raised interest rates, Bitcoin prices dropped by over 20%, such as a drop of around ...
According to analysts, if the Bank of Japan raises interest rates as expected on December 19, Bitcoin may further retrace to the $70,000 level. Analyst AndrewBTC tracked historical data and found that since 2024, every time the Bank of Japan raised interest rates, Bitcoin prices dropped by over 20%, such as a drop of around 23% in March 2024, around 26% in July 2024, and around 31% in January 2025. If the Bank of Japan raises interest rates next week, similar downside risks may reappear.
Tags:
Link: Analysis: Bitcoin may retrace to $70,000 level if Bank of Japan raises interest rates as scheduled [Copy]
