Bitcoin Rebounds as Bank of Japan Hikes Rates to 0.75%; Analysts Eye $98,600–$112,500 Resistance Levels
BTC/USDT
$11,679,036,390.23
$79,429.98 / $77,640.00
Change: $1,789.98 (2.31%)
+0.0005%
Longs pay
COINOTAG News reports that the Bank of Japan implemented a 25-basis-point rate hike on Friday, lifting the unsecured overnight call rate to 0.75%, the highest since 1995. The decision, approved unanimously (9-0) after a two-day policy meeting, set a firmer backdrop for the crypto market, with Bitcoin leading a brief rally beyond 2% as BOJ policy signals resonated.
Following the update, market participants signaled improved risk sentiment, with traders adopting a cautiously constructive stance. While several respected analysts grew more optimistic about broad asset classes, some altcoins may still face near-term softness amid macro headwinds and liquidity dynamics.
Technical commentary highlighted resistance for Bitcoin in the $98,600–$107,000 zone, with a stronger cap near $112,500. Projections for near-term targets included roughly $106,000 for BTC and $4,500 for Ethereum, contingent on macro momentum and ongoing BOJ cues.