Observe an interesting phenomenon: every time the Bank of Japan adjusts interest rates, Bitcoin experiences a noticeable decline.
Data from the past three years clearly reflect this—
In March 2024, after the Bank of Japan raised interest rates, Bitcoin dropped by 23%; in July of the same year, when rates were raised again, the decline expanded to 26%; by January this year, during the third rate hike, the drop was as high as 31%.
Three consecutive times, the trend is remarkably similar.
If we estimate based on a -20% fluctuation, Bitcoin might test a support zone around $72,000. Of course, this is just a reference analysis based on historical patterns. The market is always complex, with multiple influencing factors. Do your homework and make cautious decisions.
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Observe an interesting phenomenon: every time the Bank of Japan adjusts interest rates, Bitcoin experiences a noticeable decline.
Data from the past three years clearly reflect this—
In March 2024, after the Bank of Japan raised interest rates, Bitcoin dropped by 23%; in July of the same year, when rates were raised again, the decline expanded to 26%; by January this year, during the third rate hike, the drop was as high as 31%.
Three consecutive times, the trend is remarkably similar.
If we estimate based on a -20% fluctuation, Bitcoin might test a support zone around $72,000. Of course, this is just a reference analysis based on historical patterns. The market is always complex, with multiple influencing factors. Do your homework and make cautious decisions.