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Bitcoin Could Fall Toward $70,000 if Bank of Japan Raises Rates on Dec. 19, Analysts Say

Bitcoin could retreat toward $70,000 if the Bank of Japan raises interest rates as expected on Dec. 19, multiple macro analysts say, Cointelegraph reported on Dec. 14. Analyst AndrewBTC noted that every Bank of Japan rate hike since 2024 has coincided with a Bitcoin price decline of more than 20%, citing drops of about 23% in March 2024, 26% in July 2024 and 31% in January 2025. He added that if the central bank proceeds with another hike next week, similar downside risk for Bitcoin may emerge again.
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