Bitcoin
BOJ Rate Hike Impact:1929 Stock Market Crash Due for Bitcoin?

The Bank of Japan (BOJ) announced a historic 25 basis point (bp) hike, raising its benchmark lending rate to 0.5%, the highest since 2008.
Though widely anticipated, this move has traders and investors on the edge of their seats, bracing for its impact on Bitcoin and crypto markets in general.
BOJ’s Rate Hike and Global Financial Impacts
The BOJ’s decision marks the third rate hike since early 2024. This signals a shift in Japan’s monetary policy amidst persistently high inflation, projected to remain between 2.6% and 2.8% in 2025.
Accordingly, Japan’s economic growth forecasts have been revised downward, adding complexity to an already volatile financial environment. A stronger Japanese currency resulting from the rate hike could disrupt the yen carry trade.
In the carry trade strategy, investors borrow yen at low interest rates to invest in higher-yielding assets elsewhere. This unwinding could trigger a chain reaction in global liquidity, influencing risk assets, including cryptocurrencies, equities, and commodities.
Following the announcement, Bitcoin dropped 3% but is already attempting a recovery. Ethereum, Solana, Dogecoin, and Cardano also experienced corrections. The sentiment shift is likely tied to President Donald Trump’s executive order for a digital assets stockpile in the US.

The immediate correction suggests Bitcoin’s sensitivity to macroeconomic changes, with investors reducing their exposure to high-risk assets. Nevertheless, some analysts anticipate further downside for Bitcoin once the hype around systemic changes in the US fades.
“Bitcoin could experience a sharp 50% drop,” crypto analyst Financelancelot speculated.
The analyst draws parallels to the 1929 stock market crash, which highlighted the dangers of speculative bubbles. They highlighted striking similarities in technical indicators like the Relative Strength Index (RSI), which currently mirrors those from 1929. With this, the analyst predicts a potential flash crash toward the end of January 2025.

According to Financelancelot, events like the expiration of VIX options and geopolitical tensions could amplify volatility. On the other hand, some voices in the crypto space, like @0xKiryoko, remain cautiously optimistic.
“…global markets are going to feel it. Crypto included. Solana ETFs and a pro-crypto president won’t matter in the short term if liquidity dries up,” she noted.
Meanwhile, the BOJ’s rate hike is not the only factor weighing on the crypto market. Global uncertainties, including US trade policies and geopolitical developments, are adding layers of complexity. Cypress Demanincor, another market analyst, pointed out that the Trump administration’s economic strategies are creating additional volatility.
“Everyone’s attention was on the Trump inauguration for the next major market move when the bigger force to consider is the BOJ interest rate hike,” he said.
As the BOJ’s rate hike takes effect, traders and investors should monitor its implications. Historically, such moves, where there is the reverse carry trade, have led to short-term sell-offs followed by periods of recovery.
“Same thing that happened July 31st, 2024. Short-lived sell pressure and discounted prices that last a few days depending on the size of the unwind. Last time it was about a week’s worth of sell pressure,” Demanincor added.
The current environment reflects the importance of caution and strategic planning for cryptocurrency investors. While the market may face imminent volatility, this could present opportunities to accumulate assets at discounted prices.
“I feel sorry for everyone that got shaken out of the markets over last couple of days because of BOJ concerns, and lack of Strategic Bitcoin Reserve news. You have to have a longer time frame in your mind if you want to be a successful investor. Patience will reward you. Remember, 10 days give us the most gains in the Bitcoin cycle. Good luck timing that,” one crypto investor remarked.
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Bitcoin
Here Are The Bitcoin Levels To Watch For The Short Term


Bitcoin has produced a range-bound movement recently, with prices oscillating between $83,000 and 86,000. Interestingly, popular crypto analyst Burak Kesmeci has identified the important price levels for any short-term action.
Support At 82,800, Resistance At 92,000 – But Where Is Bitcoin Headed?
In a new post on X, Kesmeci shared an interesting on-chain analysis of the Bitcoin market. Using the short-term investor cost basis, the analyst identified two key price levels that could prove critical to Bitcoin’s next major move.
Firstly, Burak Kesmeci focuses on the average cost prices of new traders over the past 1-4 weeks, which are likely the most reactive to price changes. The realized price for these traders currently stands at $82,800, forming a near-term support that indicates many recent buyers are still in profit and may defend this level as a psychological floor.
Meanwhile, Kesmeci also highlights the $92,000 price level, which marks the average cost basis for BTC holders for 1-3 months. This price point has emerged as an important resistance zone, as investors are likely to exit the market once they break even. Furthermore, the $92,000 price level is also marked by a confluence with various technical indicators.
The interplay between these two levels is significant. Historically, short-term bullish trends in BTC tend to begin when the cost basis of more recent investors, 1–4 weeks, crosses above that of the 1–3 BTC holders. This shift signals increased confidence and willingness to buy at higher levels, which often fuels broader rallies.
However, that dynamic remains to play out in the current market. As of now, Bitcoin is trading around 85,000, positioning it above its support at the 1–4 week average of $82,800 but still below the 1–3 month resistance of $92,000. Furthermore, both cost basis levels have been declining over the past two months, reflecting hesitation or a lack of aggressive buying from new entrants.
Notably, Kesmeci states that BTC must surge above $92,000 to confirm a strong bullish momentum for a price reversal.
Bitcoin ETFs Offload 1,725 BTC
In other news, Ali Martinez reports that the Bitcoin ETFs have suffered withdrawals of 1,725 Bitcoin, valued at $146.92 million, over the past week. This development illustrates a high level of negative sentiment among institutional investors, adding to market uncertainty around the BTC market.
Meanwhile, Bitcoin trades at $85,249 following a price change of 0.89% in the past day. The premier cryptocurrency also reflects a 0.58% loss on the weekly chart and a 1.06% gain on a monthly chart.
Feature image from Adobe Stock, chart from Tradingview

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Bitcoin
Bitcoin LTH Selling Pressure Hits Yearly Low — Bull Market Ready For Take Off?


Following an extensive price correction in the past three months, the Bitcoin bull market continues to hang in the balance. Despite a modest price rebound in April, the premier cryptocurrency is yet to display a strong intent to resume its bull rally amidst a lack of positive market factors. However, crypto analyst Axel Adler Jr. has highlighted a promising development that could signal major upside potential for Bitcoin.
Bitcoin Long-Term Holders Looking To Halt Selling Pressure
In a recent post on X, Adler Jr. shared an important update in Bitcoin long-term holders (LTH) activity, which could prove significantly positive for the broader BTC market.
Using on-chain data from CryptoQuant, the renowned analyst reports that selling pressure by long-term holders, i.e. amount of LTH holdings on exchanges, has now hit its lowest point at 1.1% over the past year. This development indicates that Bitcoin LTH are now opting to hold on to their assets rather than take profits.
Adler explains that a further decline in these LTH exchange holdings to 1.0% would signal the total absence of selling pressure. Notably, this development could encourage new market entry and sustained accumulation, creating a strong bullish momentum in the BTC market.
Importantly, Alder highlights that the majority of the Bitcoin LTH entered the market at an average price of $25,000, Since then, CryptoQuant has recorded the highest LTH selling pressure of 5.6% at $50,000 in early 2024 and 3.8% at $97,000 in early 2025.
According to Adler, these two instances likely represent the primary profit-taking phases for long-term holders who intended to exit the market. Therefore, a resurgence in selling pressure from this cohort of BTC investors is unlikely in the short-term, which supports a building bullish case as long-term holders currently control 77.5% of Bitcoin in circulation.
BTC Price Overview
At the time of writing, Bitcoin was trading at $85,226 following a 0.36% gain in the past day and a 0.02% loss in the past week. Both metrics only reflect the ongoing market consolidation as BTC continues to struggle to achieve a convincing price breakout beyond $86,000.
Meanwhile, the asset’s performance on the monthly chat now reflects a 1.97% gain, indicating a potential trend reversal as the market correction ceases. Nevertheless, BTC remains in need of a strong market catalyst to ignite any sustainable price rally. With a market cap of $1.67 trillion, Bitcoin is ranked as the largest digital asset, controlling 62.9% of the crypto market.
Featured image from Adobe Stock, chart from Tradingview

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Bitcoin
Analyst Says Bitcoin Price Might Be Gearing Up For Next Big Move — What To Know


The Bitcoin price seems stuck in a consolidation range, ricocheting off the $83,000 and $86,000 levels over the past week. With no clear direction for the premier cryptocurrency, investors are left wondering what phase the market cycle is in—bullish or bearish.
According to a popular crypto analyst on the social media platform X, the Bitcoin price could be preparing for its next big move in either direction over the next few weeks. In any case, here are the important levels to watch out for in the next few days.
Crucial Levels To Watch For BTC’s Next Move
In an April 19 post on the X platform, crypto analyst Ali Martinez shared an interesting analysis of the Bitcoin price while highlighting the current layout of the world’s largest cryptocurrency by market cap. The online pundit noted that BTC bears and bulls are locked in a battle, leading to a choppy market condition.
Notably, the premier cryptocurrency appears to have entered the $83,000 – $86,000 range on Saturday, April 12. Hence, Martinez’s analysis basically revolves around the price of BTC bouncing off the support and resistance levels on its one-hour timeframe.
Source: @ali_charts on X
As shown in the chart above, the Bitcoin price attempted multiple times to breach the resistance zone around the $86,000 region over the past week. However, the bulls’ optimism was met with the staunch resilience of the Bitcoin bears, as the price of BTC almost always found its way back toward the $83,000 mark.
Most recently, the flagship cryptocurrency made its way toward the $86,000 level on Wednesday, April 16, but failed to break the significant resistance zone after the US Federal Reserve (Fed) chair Jerome Powell suggested that interest rate cuts might not be coming as early as anticipated by crypto traders.
Martinez noted in his post that the next significant move for the Bitcoin price depends primarily on the $83,000 and $86,000 levels. According to the crypto pundit, a breakout above the $86,000 mark could spell the start of a bullish run for Bitcoin, while a break below $83,000 could mean further correction for the market leader.
Bitcoin Price Overview
After reaching its all-time high of $108,786 in January 2025, the price of BTC has been on a steady decline in the past few months. According to data from CoinGecko, the flagship cryptocurrency has losst more than 22% of its value since hitting its record-high price.
As of this writing, the price of Bitcoin stands at around $84,530, reflecting a 0.3% decline in the past 24 hours. Meanwhile, the Bitcoin price is up by more than 1% on the weekly timeframe.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView

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