Cryptocurrency market today, December 14th: Bitcoin could fall to $70,000.

(NLĐO) - Experts predict that the next correction for Bitcoin could be in the range of $70,000 - $72,500.

On the evening of December 14th, the cryptocurrency market experienced slight fluctuations. Data from the OKX exchange shows that in the past 24 hours, Bitcoin fell by more than 1%, to around $89,350.

Other cryptocurrencies such as Ethereum fell by more than 0.4%, retreating to around $3,090; BNB decreased slightly by 0.1%, to $890. XRP and Solana both fell by over 1%, to around $2 and $131 respectively.

According to Cointelegraph , the price of Bitcoin is at risk of entering a deeper correction phase in the near future.

Many macroeconomic analysts have suggested that Bitcoin could fall to the $70,000 range if the Bank of Japan (BoJ) raises interest rates at its meeting scheduled for December 19th.

Historical data compiled by several analysts shows that since 2024, each time the Bank of Japan (BoJ) raises interest rates, it coincides with sharp drops in Bitcoin, with declines consistently exceeding 20%.

Bitcoin is currently trading in the $89,350 range. Source: OKX

Specifically, Bitcoin fell by approximately 23% in March 2024, 26% in July 2024, and 31% in January 2025, all coinciding with periods when Japan adjusted its monetary policy.

The reason is believed to stem from Japan's unique role in global capital flows.

When interest rates in Japan rise and the yen strengthens, it reduces the attractiveness of low-cost borrowing strategies for investing in risky assets. This forces many investors to reduce leverage, close positions, and withdraw capital from markets such as cryptocurrencies.

Technically, Bitcoin is still sending negative signals. After a sharp drop from its peak of $105,000-$110,000 in November, the price has only recovered slightly and is trading sideways within a narrow range.

Many experts believe this could be a short consolidation phase before the downtrend continues. If the current support zone is broken, Bitcoin's next correction target could be in the range of $70,000 - $72,500.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-14-12-bitcoin-co-the-rot-xuong-70000-usd-196251214211550666.htm