Bank of Japan and Bitcoin Bottom
"The Bank of Japan is likely going to raise rates in June. There's a good chance. Not a It's not a sure thing. There's a good chance they will raise rates in June. And there is precedent for Bitcoin forming a low right after they raise rates."
ℹ️ In shortThe author believes the Bank of Japan will likely raise rates in June, which could set a precedent for Bitcoin forming a low right after this decision.
Predictions closed
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… Now, what's going on in mid to late June, you ask? Well, the next Fed meeting is mid-June, but the Fed meeting is not the important meeting. Even though it'll be Kevin Warsh's first meeting as chair, and it'll be important, it's not the main thing to watch. The main thing to watch in mid-June is not the Fed, but it's the Bank of Japan. Because the Bank of Japan is likely going to raise rates in June. There's a good chance. Not a It's not a sure thing. There's a good chance they will raise rates in June. And there is precedent for Bitcoin forming a low right after they raise rates. August of 2024 the Bank of England raised rates or July was July and then Bitcoin bottomed like a week later in early August. Okay? what if Bitcoin falls off in June. People get scared and then we rally again in July and then we go through this whole process once again. And I mean it is a it is a brutal process of of like you know and I think this …
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