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>>Analysts caution that Bitcoin may dip to around $70,000 if the Bank of Japan raises rates on December 19.

Analysts caution that Bitcoin may dip to around $70,000 if the Bank of Japan raises rates on December 19.

crypthub

2 days ago

BOJ Rate Hike Outlook

Analysts warn that the Bank of Japan’s 25‑basis‑point increase on Dec 19 could push Bitcoin toward the $70,000 support level. Japan is the world’s largest holder of U.S. Treasury debt, making a rate rise bearish for risk assets. A stronger yen is expected to raise borrowing costs and reduce appetite for high‑risk crypto exposure. The announcement may trigger volatility as leveraged positions unwind across global markets.

Historical Reaction Pattern

Every BOJ rate hike since March 2024 has preceded a Bitcoin decline of more than 20 %. The price fell 23 % after the March move, 26 % following the July increase, and 31 % after the January 2025 adjustment. This consistent pattern suggests a repeatable bearish trigger linked to Japanese monetary policy.

Technical Outlook

The weekly Bitcoin chart shows a broken bull structure, with $100k now acting as solid resistance. RSI remains in the high‑30s, indicating persistent weakness and no bullish divergence. Current momentum points to a primary support zone near $70,000, while a breach could expose the $53,000 level as a possible cycle bottom.

Potential Upside for Early Projects

If Bitcoin holds above $90,000 and avoids a drop to $70,000, a 2026 bull run could lift early‑stage tokens like Maxi Doge (MAXI). The presale, priced at $0.00275, offers 72 % annual staking rewards and has already raised over $4.3 million. Investors can join now using crypto or a bank card through the official Maxi Doge website.

Analysts caution that Bitcoin may dip to around $70,000 if the Bank of Japan raises rates on December 19.

BOJ Rate Hike Outlook

Historical Reaction Pattern

Technical Outlook

Potential Upside for Early Projects

Analysts caution that Bitcoin may dip to around $70,000 if the Bank of Japan raises rates on December 19.