Bitbank analyst: BTC has not yet emerged from difficulties, the next short-term target may be around $65,000

ChainCatcher news, according to CNBC, Yuya Hasegawa, a cryptocurrency market analyst at the Japanese Bitcoin exchange Bitbank, has warned about the results of the Bank of Japan's policy meeting starting Thursday, stating that Bitcoin has not yet emerged from its predicament.

He stated: "The Bank of Japan may keep the policy interest rate unchanged this time, but signs of further rate hikes could boost the yen and potentially trigger a retreat in yen arbitrage trading, which could lead to a sell-off in the Japanese stock market. Risk aversion may spread to the cryptocurrency market. Before the Bank of Japan makes a decision, Bitcoin still has some time and may continue its upward trend during Thursday's U.S. trading session. The next possible short-term target is around $65,000."