⚠️ Analyst Warning: Bitcoin Faces Downside Risk
Bitcoin ($BTC ) is under pressure amid potential Bank of Japan (BoJ) rate hikes:
▪ Past hikes in 2024 triggered 20%+ BTC pullbacks
▪ Corrections: 23% (Mar 2024), 26% (Jul 2024), 31% (Jan 2025)
▪ Current price: ~$89,500 after dipping to $87,000
Implications:
▪ Another BoJ hike could push BTC lower, possibly below $70,000
▪ Market is reacting preemptively to anticipated monetary tightening
📊 Investors should monitor BoJ policy closely and manage risk.
