Japan's potential rate hike this week could impact Bitcoin. Historically, rate increases by Japan have led to Bitcoin price drops of 20-25%. š§ šÆšµ
This occurs because rate hikes make borrowing more expensive. This, in turn, tends to pull liquidity out of riskier assets. šø
Crypto, being a risk asset similar to stocks, often sees capital outflows when liquidity tightens. š
Consequently, this outflow can lead to a decrease in Bitcoin's price.
The Bank of Japan is expected to consider a rate hike soon, possibly by 75 basis points.
If this materializes, Bitcoin could face significant downward pressure, potentially dropping below $70,000. ā ļø
This information is shared to help you prepare for potential market movements. Markets are driven by liquidity, not manipulation. Smart traders plan ahead. š§©
Keep a close eye on Japan's interest rate decisions. š
We will continue to provide timely updates on BTC movements. We accurately predicted yesterday's relief pump towards $90K, which occurred as expected. šÆ
Our track record for calling Bitcoin's moves has been consistent throughout the year. š¼ā
Congratulations to all who have followed our insights and received timely updates. We remain committed to serving our community. š¤
Trade $BTC
#Bitcoin #Crypto #Trading
$ICP .

