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

According to Odaily Planet Daily, some macro analysts believe that if the Bank of Japan raises interest rates as expected on December 19th, Bitcoin may further retrace to the $70,000 level. Analyst AndrewBTC, tracking historical data, points out that since 2024, every rate hike by the Bank of Japan has been accompanied by a Bitcoin price drop of over 20%, such as a drop of approximately 23% in March 2024, approximately 26% in July 2024, and approximately 31% in January 2025. If the Bank of Japan raises rates next week, similar downside risks may reappear. (Cointelegraph)