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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$63,087.74

-0.05%

$63,087.74

-0.05%

(24s)

24h Volume

$2,488,928,248.40

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

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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