Bitbank analyst: Bitcoin is not out of trouble yet, the next short-term target may be around 65,000 dollars
2024-09-19 12:50:28
On September 19, Yuya Hasegawa, a cryptocurrency market analyst at the Japanese bitcoin exchange Bitbank, issued a warning on the outcome of the Bank of Japan's policy meeting that began on Thursday. He said that bitcoin is not out of the woods yet, and said: "The Bank of Japan may keep the policy rate unchanged this time, but signs of further interest rate hikes may boost the yen and may trigger a reversal of the yen carry trade. This may lead to a sell-off in the Japanese stock market. Risk aversion may spread to the cryptocurrency market. Before the Bank of Japan makes a decision, Bitcoin has some time to go and may continue its gains during the US trading session on Thursday. The next possible short-term target is around $65,000."
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