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>>Bitcoin Confronts Japanese Rate Hike Concerns While Investors Place Bids Between $88,000 and $90,000

Bitcoin Confronts Japanese Rate Hike Concerns While Investors Place Bids Between $88,000 and $90,000

crypthub

1 day ago

Japan Rate Hike Narrative

Traders posted two competing signals on X as a new Bank of Japan (BoJ) rate‑hike story re‑emerged. AndrewBTC argued that a 25‑bp hike would likely trigger another sharp Bitcoin decline, citing Japan’s large U.S. debt holdings. He linked previous BoJ hikes to Bitcoin pullbacks of 20% + and warned of “loading” a downside move. The claim circulated without official BoJ confirmation while Bitcoin traded well below recent highs.

Historical Bitcoin Pullbacks

AndrewBTC’s chart highlighted three past cycles: a 23% drop in March 2024, a 26% fall in July 2024, and a near‑31% decline in January 2025 following BoJ decisions. Each hike was marked with vertical lines and red price ranges, suggesting a repeatable pattern. He cautioned that a December hike could produce similar results. However, the analysis offered only historical price correlation, not proven causality.

Current Order Book Landscape

Trader Ted Pillows shared an order‑book heatmap showing dense buy orders between $88 k and $90 k across Binance, Bitfinex and Kraken. This cluster creates strong support, while sell pressure remains light until the $93.5 k level. Green liquidity blocks below the price indicate buyers ready to absorb downward moves, whereas thinner red zones above suggest limited resistance. The imbalance points to short‑term buyer dominance near current support.