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via Cointelegraph · By Cointelegraph Staff

Bitcoin Price Drops Follow BOJ Rate Hikes: Is Another Crash Developing?

BTC

BTC/USDT

$83,944.84

-0.31%

$83,944.84

-0.31%

(24s)

24h Volume

$16,935,137,637.69

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.5%

Long: 58.5%Short: 41.5%

Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$83,993.61

▼ -0.13%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$83,993.61

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

Cointelegraph Staff

(06:41 PM UTC)

1 min read

Approved byMichael Roberts

0 comments

Since 2024, Bitcoin (BTC) has posted four major corrections after interest rate hikes by the Bank of Japan (BOJ), with declines ranging from 18% to 28%. This dynamic places renewed attention on the BOJ's June 16 policy decision.

Data currently point to a variety of pressures on BTC, with BTC whale distribution and exchange inflows possibly carrying more weight than Japanese monetary…

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Cointelegraph Staff · Cointelegraph

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