1. Japan's interest rate hike has been "priced in":

The Bank of Japan's (BoJ) tightening of monetary policy often raises concerns for risk assets like Bitcoin as it affects the Yen Carry Trade strategy (borrowing at low interest rates in Japan to invest in higher interest rate assets elsewhere).

  • Why is it "fully priced in": From this perspective, the market has predicted the BoJ's actions several weeks or months in advance. Therefore, when the official news is announced, the sell-off pressure is no longer strong because those who wanted to exit their positions have already done so.

  • Current status: Bitcoin is fluctuating around the 85,000 - 87,000 USD range (as of December 2025), indicating that the market is trying to find a balance point after macro shocks.

2. The 112,500 USD level is strong resistance:

The figure of 112,500 USD is not random but often based on technical analysis models and on-chain data:

  • Market sentiment: After Bitcoin established a new all-time high (ATH) above 120,000 USD in October 2025, the area around 112,000 - 115,000 USD has become a "position holding" zone for many investors. When the price returns to this level, the breakeven selling pressure will be significant.

  • Fibonacci retracement levels: In growth cycles, Fibonacci extension levels (often 1.618 or psychological levels) often serve as a "wall" that hinders short-term upward momentum.

  • Forecast from experts: Many analysts (such as Doctor Profit or Ali Martinez) are also warning about strong volatility. If important support levels (such as 87,000 USD) are not maintained, the possibility of Bitcoin returning to test the 70,000 USD region is entirely possible before it can break through the 112,500 USD threshold again.

Market context summary (December 2025):

Index and Status:

  • Current Bitcoin price: Approximately 87,000 USD.

  • Key resistance: 112,500 USD (Area that needs to be surpassed to confirm continued uptrend).

  • Critical support: 86,000 - 87,000 USD (If broken, may drop to 70,000 USD).

  • Impact factors: Japanese interest rates, ETF cash flows, and SEC policies.

Note: The cryptocurrency market is always subject to unexpected volatility. The assessment of whether it has been "priced in" may change if the BoJ issues more hawkish messages than expected.

The content is informative and analytical, not investment strategy advice.

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