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🔴 Macroeconomic analysts believe that Bitcoin will "fall below $70,000" due to Japan's strict policies.
According to data published by AndrewBTC, every increase in the Bank of Japan's interest rate since 2024 has coincided with a drop in Bitcoin's price by more than 20%.
In his post on X-Stop on Saturday, the analyst highlighted a drop in BTC's exchange rate of about 23% in March 2024, 26% in July 2024, and 31% in January 2025.
It is expected that the Bank of Japan will raise its base interest rate on Friday, which is historically a negative signal for riskier assets such as Bitcoin.
#BTC #bitcoin $BTC
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