Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes

Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes


Bitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBoJ refuses to hike

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day.

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The pair remained cool amid news from Japan, where the central bank — the Bank of Japan (BoJ) — had decided to keep an ultra-easy policy in place, defying expectations of an interest rate hike.

In doing so, both the Japanese yen and the United States dollar took a hit in the latest chapter of a saga closely watched by crypto commentators.

“In keeping its key rate and yield curve control policy unchanged at today’s meeting, the Bank of Japan probably wanted to convey

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