ChainCatcher news, according to CNBC, Yuya Hasegawa, a cryptocurrency market analyst at Japanese Bitcoin exchange Bitbank, warned about the results of the Bank of Japan's policy meeting that began on Thursday, saying that Bitcoin is not out of trouble yet.
He said: "The Bank of Japan may keep the policy interest rate unchanged this time, but signs of further rate hikes may boost the yen and may trigger a retreat in yen carry trades, which may lead to a sell-off in Japanese stocks and risk aversion may spread to the cryptocurrency market. Before the Bank of Japan makes a decision, Bitcoin still has some time and may continue its gains during Thursday's U.S. trading session. The next possible short-term target is around $65,000."