Bitcoin could drop to $70,000 if the Bank of Japan raises interest rates on Dec. 19. Previous rate hikes led to 20-30% BTC price corrections. Analysts warn of downside risks if the BoJ tightens liquidity. Technical signals show a bear flag formation, suggesting a potential move towards $70,000. Multiple analysts share similar downside targets.

Read more at Cointelegraph: Bitcoin Price Risks Falling to $70K Due to a Hawkish BoJ: Macro Analysts