Bitcoin Weighs Japan Rate Hike Risk as Traders Place Dense Buy Orders at $88,000–$90,000

On Dec. 13, trader AndrewBTC argued that a potential 25 basis point Bank of Japan rate hike could echo past decisions that preceded Bitcoin drawdowns of about 23%, 26% and nearly 31% in March 2024, July 2024 and January 2025. At the same time, market data shared by trader Ted Pillows showed clustered bids between $88,000 and $90,000 on major exchanges, with lighter selling interest until roughly $93,500. This split view left traders debating whether macro policy shifts will drive another downturn or if strong order book support can cushion price dips.