Analyst: If the Bank of Japan raises interest rates as scheduled this month, Bitcoin may see a pullback to $70,000

BlockBeats News, December 14th, according to Cointelegraph's report, multiple macro analysts believe that if the Bank of Japan raises interest rates as expected on December 19th, Bitcoin may further correct to the $70,000 level. Analyst AndrewBTC stated that based on historical data, every rate hike by the Bank of Japan since 2024 has been accompanied by a Bitcoin price drop of over 20%, such as a drop of around 23% in March 2024, around 26% in July 2024, and around 31% in January 2025. If the Bank of Japan raises rates next week, similar downside risks may reappear.