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Crypto

Bitcoin Bolstered by Japan's Interest Rate Hike

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin surged against the yen after Japan's interest rate hike to 1.25%, its highest level in 31 years, causing the yen to weaken.

The price action on the 4-hour chart shows BTC at $77,318.57 within the Bollinger band, with an upper resistance of $77,595.9.

The neutral RSI reading of 56.44 leaves room for further continuation, while the MACD golden cross and BTC holding above the EMA50 support at $77,153.0 reinforce the bullish structure against yen-funded positions.

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