Key Insights
BOJ-induced uncertainty could fuel a bearish Bitcoin price trend this week.
Why the upcoming BOJ rate hike may be priced in and why the downside could be minimal.
Bitcoin liquidation profile: Here’s a look at the potential pain points according to exchange liquidation data.
Bitcoin market sentiment descended deeper into gear and greed sentiment this weekend. The upcoming interest rate decision by the Bank of Japan was the primary factor behind that outcome.
The markets have been over the edge, with numerous investors predicting potential market contagion if the BOJ raises rates.
Analyst Michaël van de Poppe believes that Bitcoin price will likely embark on a significant downturn and a sizable liquidity sweep this week.
Analyst’s take on Bitcoin this week/ source: X courtesy of Michaël van de Poppe
Bitcoin price already embarked on a sizable retracement from north of $94,000 on Wednesday to $88,749 at press time.
This bearish outcome suggests that i
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