Part 6/10:
The consensus among economists and prediction markets is that the BOJ's rate hike is largely priced in—around 98% probability. Traders are already shorting the yen and positioning themselves for possible volatility. Interestingly, because this is expected, the market might absorb the event with less trauma than previous surprises.
However, the potential downside remains significant. If the unwind is violent, Bitcoin could see a freefall:
Support levels are identified around $80,000 to $84,000, where short-term holder cost basis and institutional buying have established a wall.
Should Bitcoin break below this zone, the next support is projected between $60,000 and $70,000.