đąăThe crypto market is on the rise again! The Bank of Japan policy meeting has become the focusă
Hello everyone! Today we are going to talk about the latest developments in the cryptocurrency market, especially the potential impact of the Bank of Japan's policy meeting on Bitcoin. Let's take a look at the story behind this financial drama!
First, according to BlockBeats, on September 19, CNBC reported the views of Yuya Hasegawa, a cryptocurrency market analyst at Bitbank, a Japanese Bitcoin trading platform. He warned about the upcoming Bank of Japan policy meeting, believing that Bitcoin is not out of trouble yet.
Hasegawa pointed out that the Bank of Japan may keep the policy rate unchanged at this meeting, but if there are signs of further rate hikes, it may boost the yen. This change may trigger a pullback in yen carry trades, which in turn may lead to a sell-off in Japanese stocks, and risk aversion may also spread to the cryptocurrency market.
He predicted that Bitcoin may continue to rise during the US trading session before the Bank of Japan makes a decision, and the next short-term target price may be around $65,000.
This Bank of Japan policy meeting is undoubtedly an important highlight in the cryptocurrency market. Although Hasegawa's analysis shows some risks, it also provides the market with a short-term price target. For investors, this is undoubtedly a moment that needs to be closely watched.
So, what do you think about the impact of this Bank of Japan policy meeting on Bitcoin? Do you think Bitcoin can reach the target price of $65,000 in the short term? Welcome to share your views and predictions in the comment area, let us explore this market full of variables together! đŹ
Finally, I would like to remind everyone that investment is risky and you need to be cautious when entering the market. No matter how the market fluctuates, it is most important to stay calm and rational. Looking forward to everyone's wonderful interaction in the comment area!
