On September 19, according to CNBC, Yuya Hasegawa, a cryptocurrency market analyst at Japanese Bitcoin trading platform Bitbank, warned about the outcome of the Bank of Japan's policy meeting that began on Thursday, saying that Bitcoin is not out of trouble yet.
Hasegawa pointed out that “the Bank of Japan may keep its policy rate unchanged this time, but if there are signs of further rate hikes, it may boost the yen and trigger a pullback in yen carry trades. It may lead to a sell-off in Japanese stocks, and risk aversion may spread to the cryptocurrency market. He predicted that before the Bank of Japan makes a decision, Bitcoin may continue to rise during the U.S. trading session, and the next short-term target price may be around $65,000.”
