The next fall of Bitcoin may come from Japan!
Analysts warn that a possible interest rate hike from the Bank of Japan on December 19 could suck global liquidity and push BTC to the region of
US$ 70 million.
Today Bitcoin is close to US$ 89 million, after weeks of volatility and loss of buying strength. The macro scenario has worsened — and this is not opinion. Economists consulted by Reuters already expect another monetary tightening in Japan.
Why does this matter?
Because of the yen carry trade.
For years, investors have borrowed cheap yen and invested in risk assets, such as stocks and cryptocurrencies.
When the BoJ raises interest rates, this machinery gets stuck.
Leverage drops, positions are closed, and liquidity disappears.
According to AndrewBTC, this process usually hits Bitcoin quickly. And the history confirms:
• March/24: - 23%
• July/24: - 26%
• January/25: - 31%
The chart also does not help
After the rejection between US$ 105 million and US$ 110 million, BTC formed a bearish flag. The price remains sideways, with weak volume - typical of a pause before a new drop.
The technical projection points to US$ 70 million to US$ 72.5 million, a target already mentioned by analysts like James Check and Sellén.
Summary without beating around the bush:
Higher interest rates = less risk.
Less risk = pressure on Bitcoin.
