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Macro analysts are warning that Bitcoin may drop towards $70,000 as the Bank of Japan is set to implement a 25-basis-point interest rate hike on December 19.
Bitcoin analyst AndrewBTC pointed out that Japan possesses the largest stake in U.S. government debt, indicating that a rate increase could negatively impact Bitcoin’s price outlook.
Historical Pattern: BOJ Hikes Precede 20%+ BTC Declines
In a post on X dated December 13, the analyst reviewed the BTC chart and highlighted a recurring trend: each rate hike by the Bank of Japan has been followed by Bitcoin declines of more than 20%.
The data shows that Bitcoin fell by 23% after the March 2024 rate hike, then decreased by 26% following the July 2024 increase, and most recently dropped by 31% after the January 2025 adjustment.
BREAKING: JAPAN WILL CRASH $BTC
Bank of Japan is set to hike rates +25 bps on Dec 19. Japan = largest holder of US government debtLook at the $BTC chart:
Every BoJ rate hike → Bitcoin dumps over 20%+
• March 2024 → -23%
• July 2024 → -26%
• January 2025 →… pic.twitter.com/grN3QRNUg4— AndrewBTC (@cryptoctlt) December 13, 2025
With another rate decision approaching next Friday, the analyst anticipates that volatility from the BOJ’s announcement could push Bitcoin down to the $70,000 support level.
Historically, increases in BOJ rates have bolstered the Japanese yen, raising borrowing costs and making investments in riskier assets less appealing.
In an interview with Cryptonews, Ignacio Aguirre, CMO at Bitget, noted that a stronger yen “increases the risk of unwinding yen carry trades, which can temporarily pressure crypto valuations as leveraged positions are adjusted across global markets.”
Bitcoin is currently under increasing pressure as investors reduce leverage and limit exposure amid a growing risk-off sentiment.
Bitcoin Price Prediction: Weekly Chart Indicates Broken Bull Structure
The weekly Bitcoin chart indicates a clear deterioration in momentum following repeated failures to sustain support above the $100,000 psychological level, which has now reverted to strong resistance.
The price has declined from the previous distribution zone near cycle highs and is trending downward, with a bearish structure confirmed by consecutive lower peaks and a steady decline toward the upper-$80,000 region.
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Source: TradingView
The RSI divergence indicator remains firmly bearish, currently situated in the high-30s, reflecting ongoing weakness without any notable bullish divergence appearing.
If this trend persists, the next significant weekly support zone is located near $70,000, coinciding with the previous range floor and representing the first area where considerable buying interest is expected to emerge.
A more drastic correction toward the $53,000 zone cannot be ruled out if $70,000 fails to hold, potentially marking a cycle bottom.
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Maxi Doge has created an alpha channel where traders share insider tips, early trade ideas, and hidden opportunities to take advantage of the forthcoming bull run.
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The post Bitcoin Price Prediction: Analysts Warn BTC Could Slide Toward $70K if Bank of Japan Hikes Rates on Dec. 19 appeared first on Cryptonews.
