🔸 Japan has just raised interest rates to a 30-year record level (0.75%), which according to textbooks is bad news, but $BTC reacted inversely by surging past the $88,000 mark. KOL Arthur Hayes immediately boasted that this move is Bullish, projecting that the Yen will depreciate and $BTC will be a safe haven for capital aiming for the $1 million mark.
🔸 Analysts believe that this surge is just a one-off (one time only) as Japan is unlikely to tighten further due to the need to manage a $140 billion economic stimulus. Technically, the $81,000 level is a strong support. December is usually a good month for NAV closures, so hold steady, there's a high chance of an early Christmas gift!
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This article is for reference only, it is not investment advice. Please read carefully and consider thoroughly before making a decision.