Analysts see Bitcoin risk toward $70,000 on Bank of Japan's Dec. 19 rate hike

Macro-focused analysts warn Bitcoin could slide toward the $70,000 area if the Bank of Japan raises interest rates on Dec. 19. According to AndrewBTC, past BoJ hikes in 2024–2025 lined up with drawdowns of roughly 23%, 26%, and 31%, while traders also note a bear flag after November's drop from $105,000–$110,000.