Bitbank analyst: Bitcoin is not out of trouble yet, the next short-term target may be around $65,000

Yuya Hasegawa, a cryptocurrency market analyst at Japanese bitcoin exchange Bitbank, warned about the outcome of the Bank of Japan's policy meeting that began on Thursday, saying that Bitcoin is not out of the woods yet, saying: "The Bank of Japan is likely to keep its policy rate unchanged this time, but signs of further rate hikes could boost the yen and could trigger a retreat in the yen carry trade, which could lead to a sell-off in Japanese stocks and risk aversion could spread to the cryptocurrency market. Bitcoin still has some time before the Bank of Japan makes a decision and could extend its gains during Thursday's U.S. trading session. The next possible short-term target is around $65,000." (CNBC)