ChainCatcher reported that 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 is likely to keep its policy rate unchanged this time, but signs of further rate hikes could boost the yen and could trigger a reversal of the yen carry trade, which could lead to a sell-off in Japanese stocks and risk aversion could spread to the cryptocurrency market. Bitcoin still has some time before the Bank of Japan makes a decision and may extend its gains during Thursday's U.S. trading session. The next possible short-term target is around $65,000."
