Mars Finance reports that some macro analysts believe that if the Bank of Japan raises interest rates as expected, Bitcoin could further retrace to the $70,000 level. Analyst AndrewBTC, who tracks historical data, states that every interest rate hike by the Bank of Japan since 2024 has been accompanied by a more than 20% decline in Bitcoin price, such as approximately 23% in March 2024, about 26% in July 2024, and around 31% in January 2025. If the Bank of Japan raises interest rates next week, similar downside risks may reappear.
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Mars Finance reports that some macro analysts believe that if the Bank of Japan raises interest rates as expected, Bitcoin could further retrace to the $70,000 level. Analyst AndrewBTC, who tracks historical data, states that every interest rate hike by the Bank of Japan since 2024 has been accompanied by a more than 20% decline in Bitcoin price, such as approximately 23% in March 2024, about 26% in July 2024, and around 31% in January 2025. If the Bank of Japan raises interest rates next week, similar downside risks may reappear.