The Bank of Japan is expected to increase its benchmark interest rates on Friday, a historically bearish signal for riskier assets like Bitcoin.
Bitcoin (BTC) could face a continued correction toward the $70,000 level if the Bank of Japan (BoJ) proceeds with an expected interest-rate hike on Dec. 19, according to multiple macro-focused analysts.
Key takeaways:
BoJ tightening could pressure Bitcoin by draining global liquidity.
10x Research’s Markus Thielen says Bitcoin’s four-year cycle still exists
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