Analysis: If the Bank of Japan raises interest rates as scheduled, Bitcoin may pull back to the level of 70,000 USD

Some macro analysts believe that if the Bank of Japan raises interest rates as expected, Bitcoin may further pull back to the $70,000 level. Analyst AndrewBTC, who tracks historical data, states that every interest rate hike by the Bank of Japan since 2024 has been accompanied by a drop in Bitcoin prices of over 20%. For example, in March 2024, it fell by about 23%, in July 2024 by about 26%, and in January 2025 by about 31%. If the Bank of Japan raises interest rates next week, similar downside risks may arise again.