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

January 18, 2023


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

BoJ refuses to hike

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

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.

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