Bitcoin price at risk of a crash to $75 as a major BoJ risk looms
Bitcoin price remained under intense pressure this weekend, and may be at risk of a deeper dive, potentially to $75,000 ahead of the Bank of Japan interest rate decision.
Summary
- Bitcoin price could be on the verge of a strong bearish breakout.
- Odds of BoJ rate hike have jumped to 98% this week.
- Technical analysis suggests that the coin will drop further soon.
Bitcoin (BTC), the original cryptocurrency, was stuck at the psychological point at $90,000. This price is about 29% below its highest point this year, a sign that it remains in a deep bear market.
The coin may crash this week as investors anticipate the upcoming Bank of Japan rate hike on December 19….
