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Analysts and trading platforms warn of a Bitcoin crash due to the Bank of Japan's decision to raise the yen interest rate, which will lead investors to close out arbitrage positions, negatively affecting cryptocurrencies and causing their collapse.
However, this warning is not accurate and lacks precision.
For many reasons, including:
1- Even if Japan raises the yen interest rate, the difference between it and the dollar is significant as the dollar interest rate is more than 3%. Meanwhile, the maximum the yen can achieve in interest is less than 2%.

Young Hoon Kim, who describes himself online as the owner of the highest IQ in the world, made a controversial prediction about the future of Bitcoin, forecasting that the BTC currency will reach $220,000 in just 45 days, a figure that has astonished all BTC analysts.
Kim's statements came after Grok AI made a more conservative prediction, estimating that Bitcoin would reach $175,000 by the end of the year, but Kim did not stop there, significantly raising his expectations, affirming that the rise could happen faster especially with Bitcoin currently trading at around $95,400.

Bitcoin experienced notable price activity toward the end of October, surpassing the $115,000 level early in the week. This movement was fueled by market optimism regarding potential U.S. interest rate cuts and continued institutional inflows. However, the Japanese candlestick patterns for Tuesday and Wednesday reveal a blend of bullish momentum and cautious technical signals.

On Tuesday, October 28, the daily candle displayed a long upper shadow near the $116,000 resistance zone, indicating strong selling pressure from that level. Although buyers attempted to maintain upward momentum, the market closed slightly lower around $113,800, reflecting hesitation to extend the rally. Key support remains near $109,700, suggesting that traders are waiting for a clearer direction after a period of rapid gains.
On Wednesday, October 29, Bitcoin maintained relative stability, with potential to retest the $116,000–$121,000 resistance area if daily support holds firm. A bullish candlestick with a large body and short lower shadow would confirm renewed buying strength, while a drop below $112,000 could trigger a mid-term correction.
In conclusion, Bitcoin’s short-term outlook remains cautiously optimistic. Sustaining the current support levels is crucial for extending the upward trend. Traders are advised to manage risk carefully, observe price behavior around resistance zones, and avoid aggressive entries until a confirmed breakout occurs.

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The Bitcoin currency experienced active price movement at the end of October, surpassing the $115,000 mark at the beginning of the week, driven by market optimism regarding the reduction of U.S. interest rates and the continued flow of institutional investments. However, the Japanese candlestick indicators for Tuesday and Wednesday reflect a mix of upward momentum and technical caution simultaneously.

In an unexpected move, U.S. President Donald Trump issued a formal pardon for Changpeng Zhao (CZ), the founder of Binance, the largest cryptocurrency exchange in the world.
The decision has resonated widely in the crypto world, as markets experienced sudden price jumps in the hours following the announcement.