Bitcoin Worth Prediction: Analysts Warn BTC Might Slide Towards $70K if Financial institution of Japan Hikes Charges on Dec. 19

Macro analysts are cautioning that Bitcoin might decline towards $70,000 because the Financial institution of Japan prepares to implement a 25-basis-point fee enhance on December 19.

Bitcoin analyst AndrewBTC emphasised that Japan holds the biggest place in U.S. authorities debt, making a fee hike bearish for the Bitcoin worth prediction outlook.

Historic Sample: BOJ Hikes Set off 20%+ BTC Drops

In a December 13 X submit, the analyst examined the BTC chart and famous a constant sample: each Financial institution of Japan fee hike has preceded Bitcoin declines exceeding 20%.

The info reveals that Bitcoin dropped 23% following the March 2024 fee hike, then fell 26% after the July 2024 enhance, and most just lately declined 31% following the January 2025 adjustment.

With one other fee resolution scheduled for subsequent Friday, the analyst believes volatility from the BOJ announcement might drive Bitcoin all the way down to the $70,000 help stage.

Traditionally, BOJ fee will increase have strengthened the Japanese yen, elevating borrowing prices and making investments in higher-risk belongings much less engaging.

In dialog with Cryptonews, Ignacio Aguirre, CMO at Bitget, defined {that a} stronger yen “raises the danger of unwinding yen carry trades which is a transfer that may quickly weigh on crypto valuations as leveraged positions reset throughout international markets.”

Bitcoin now faces mounting strain as buyers scale back leverage and reduce publicity amid rising risk-off sentiment.

Bitcoin Worth Prediction: Weekly Chart Exhibits Damaged Bull Construction

The weekly Bitcoin chart reveals clear momentum deterioration following repeated failures to keep up help above the $100,000 psychological threshold, which has now transformed again into strong resistance.

Worth has damaged down from the earlier distribution zone close to cycle highs and is trending decrease, with bearish construction validated by consecutive decrease peaks and regular descent towards the upper-$80,000 area.

The RSI divergence indicator stays decisively bearish, at present positioned within the high-30s, displaying persistent weak point with none vital bullish divergence rising.

If this momentum continues, the following main weekly help zone sits close to $70,000, aligning with the prior vary ground and representing the primary space the place substantial shopping for curiosity is more likely to materialize.

A extra extreme correction towards the $53,000 zone can’t be dismissed if $70,000 fails to carry, doubtlessly marking a cycle backside.

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