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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$65,888.00

+2.52%

$65,888.00

+2.52%

(24s)

24h Volume

$14,519,937,105.48

24h H/L

$65,995.00 / $63,678.83

Change: $2,316.17 (3.64%)

Long/Short

59.1%

Long: 59.1%Short: 40.9%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,760.00

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$71,022.48

Resistance 2$68,191.60

Resistance 1$66,034.99

Price$65,760.00

Support 1$64,749.31

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$65,703.00

Trend:Downtrend

RSI (14):41.7

Cointelegraph Staff

(06:41 PM UTC)

1 min read

Approved byMichael Roberts

664 views

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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