Bitcoin traders are currently targeting a price of $70,000 due to rising Japanese government bond yields, which have reached their highest levels since 2008. This surge in yields, coupled with geopolitical and economic uncertainties, has raised concerns about a potential correction in the value of Bitcoin. Analysts suggest the situation mirrors past market reactions to similar conditions, indicating a cautious approach from institutions. With ongoing tariff trade wars and market volatility, expectations for Bitcoin remain subdued until clearer economic signals emerge.
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