PANews reported on December 14th that, according to Cointelegraph, some macro analysts believe that if the Bank of Japan raises interest rates as expected on December 19th, Bitcoin may further retrace to the $70,000 level. Analyst AndrewBTC, who tracks historical data, stated that since 2024, every rate hike by the Bank of Japan has been accompanied by a drop in Bitcoin's price of over 20%, such as a drop of approximately 23% in March 2024, approximately 26% in July 2024, and approximately 31% in January 2025. If the Bank of Japan raises rates next week, similar downside risks may reappear.