Bitcoin Price Prediction: Analysts Warn BTC Could Slide Toward $70K if Bank of Japan Hikes Rates on Dec. 19

Bitcoin
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Bitcoin faces potential drop to $70,000 as Bank of Japan prepares December 19 rate hike, with historical data showing 20%+ BTC declines following previous BOJ increases.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Macro analysts are cautioning that Bitcoin could decline toward $70,000 as the Bank of Japan prepares to implement a 25-basis-point rate increase on December 19.

Bitcoin analyst AndrewBTC emphasized that Japan holds the largest position in U.S. government debt, making a rate hike bearish for the Bitcoin price prediction outlook.

Historical Pattern: BOJ Hikes Trigger 20%+ BTC Drops

In a December 13 X post, the analyst examined the BTC chart and noted a consistent pattern: every Bank of Japan rate hike has preceded Bitcoin declines exceeding 20%.

The data reveals that Bitcoin dropped 23% following the March 2024 rate hike, then fell 26% after the July 2024 increase, and most recently declined 31% following the January 2025 adjustment.

With another rate decision scheduled for next Friday, the analyst believes volatility from the BOJ announcement could drive Bitcoin down to the $70,000 support level.

Historically, BOJ rate increases have strengthened the Japanese yen, elevating borrowing costs and making investments in higher-risk assets less attractive.

In conversation with Cryptonews, Ignacio Aguirre, CMO at Bitget, explained that a stronger yen “raises the risk of unwinding yen carry trades which is a move that can temporarily weigh on crypto valuations as leveraged positions reset across global markets.”

Bitcoin now faces mounting pressure as investors reduce leverage and scale back exposure amid growing risk-off sentiment.

Bitcoin Price Prediction: Weekly Chart Shows Broken Bull Structure

The weekly Bitcoin chart reveals clear momentum deterioration following repeated failures to maintain support above the $100,000 psychological threshold, which has now converted back into solid resistance.

Price has broken down from the previous distribution zone near cycle highs and is trending lower, with bearish structure validated by consecutive lower peaks and steady descent toward the upper-$80,000 region.

Bitcoin Price Prediction - Bitcoin Price Chart
Source: TradingView

The RSI divergence indicator remains decisively bearish, currently positioned in the high-30s, displaying persistent weakness without any significant bullish divergence emerging.

If this momentum continues, the next major weekly support zone sits near $70,000, aligning with the prior range floor and representing the first area where substantial buying interest is likely to materialize.

A more severe correction toward the $53,000 zone cannot be dismissed if $70,000 fails to hold, potentially marking a cycle bottom.

MAXI Presale Opens Early Investment Access Before Bull Run Resumes

If Bitcoin successfully defends the $90,000 level and avoids crashing to the $70,000 lows, a 2026 bull run would remain intact, and early-stage projects like Maxi Doge ($MAXI) would benefit from the upcoming liquidity flowing into risk assets.

Maxi Doge has established an alpha channel where traders exchange insider tips, early trade ideas, and hidden opportunities to capitalize on the upcoming bull run.

Bitcoin Price Prediction - Maxidoge banner

The $MAXI presale has raised over $4.3 million and offers one of the most accessible entry points for everyday investors in this market cycle.

Participants who join now can still purchase at the current $0.00275 price before it increases and benefit from 72% annual staking rewards.

To buy early, visit the official Maxi Doge website and connect a crypto wallet like Best Wallet.

You can pay with existing crypto like USDT and ETH, or use a bank card to complete your purchase immediately.

Visit the Official Maxi Doge Website Here
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Bitcoin
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