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Analysis: If the Bank of Japan raises interest rates as expected, Bitcoin may retrace to the $70,000 level

Analysis: If the Bank of Japan raises interest rates as expected, Bitcoin may retrace to the $70,000 level

ChaincatcherChaincatcher2025/12/14 11:03
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According to ChainCatcher, some macro analysts believe that if the Bank of Japan raises interest rates as expected, bitcoin may further retrace to the $70,000 level. Analyst AndrewBTC, who tracks historical data, noted 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. For example, there was 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 occur again.

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