Bitcoin (BTC) could face a continued correction toward the $70,000 level if the Bank of Japan (BoJ) proceeds with an expected interest-rate hike on Dec. 19, according to multiple macro-focused analysts.
Key takeaways:
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BoJ tightening could pressure Bitcoin by draining global liquidity.
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Macro and technical signals align around a $70,000 downside target.
BOJ hikes preceded 20-30% BTC price corrections
Every BOJ rate hike since 2024 coincided with Bitcoin price drawdowns exceeding 20%, according to…
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