It’s something the markets have been preparing for, step by step, for weeks, and if it happens as expected, it will have major consequences for cryptocurrencies. Some analysts even believe Bitcoin 
$90,306.27 He is worried that the price may drop to 70 thousand dollars. At the time of writing, Bitcoin is stalling at $89,000 in preparation for the big week.
Crash of the Year in Cryptocurrencies
Maybe there won’t be an October 10, but we may see Bitcoin start to make deeper bottoms this week due to Japan. Carry trade discussions from last month to today crypto coins We talked about how it suppresses. Now the expected is happening and we will see interest rates increased by the Bank of Japan (BoJ) on Friday.
The analyst with the pseudonym AndrewBTC says that every interest rate increase by the BOJ since 2024 has triggered a decrease of more than 20 percent in the price of Bitcoin.
- March 2024 23% decrease.
- July 2024 26% decrease.
- January 2025 31% decrease.
They’re all big declines, and what’s certain is that this statistic will be up by Friday. crypto coins The fact that it will suppress strongly. Volatility will increase further as important data on both employment and inflation will be announced on the US front. Well Bitcoin The conditions are very suitable this week for it to break below 88 thousand or even 81 thousand dollars. Although it may seem like a great short selling opportunity week for some, short-term corrections and liquidations will also occur on the short side.
Reuters’ latest survey says there will be an interest rate increase by Japan in December. BOJ is known for its cheap interest rates and while increasing the cost of money, it causes hundreds of billions of dollars of investments to be withdrawn from stocks, bonds and cryptocurrencies. The decrease in liquidity and cheap money in global markets and the increasing debates in this direction may cause us to see a huge decline of up to 70 thousand dollars this week.
Bitcoin Chart
The bear flag you can see in the chart below is very popular these days because it supports the bottom scenario near $70,000. Roman Trading and many other analysts share the same opinion. So when this happens a lot of people will say “I told you so”. Of course, no one will accept responsibility if they are wrong, so it is in your favor to decide by doing your own research.
BTC The key areas in the short term are the $88,000 and $80,500 areas. When you start to see closings below these, especially when the 80,500 base is pulled down further, 76 thousand dollars may be the first stop. Then Roman Trading’s historical bottom scenario of 56 thousand dollars may come into play.
