Bitcoin Price Forecast: 3 Macro Signals Hinting at BTC Crash Toward $70K

A Reuters poll similarly found that 85% of economists expect the Fed to lift its target range to 3.75%-4.00%, while futures markets are pricing several additional increases through mid-2027.

Japan could tighten only two days later.

About 97% of economists surveyed by Reuters expect the Bank of Japan to raise rates to 1.25% on Sept. 18, with many expecting further increases afterward.

BOJ tightening is particularly relevant to crypto because years of ultra-low Japanese rates supported yen-funded carry trades, where investors borrowed cheaply in yen and deployed capital into higher-return assets globally.

A stronger yen and higher Japanese rates can encourage those trades to unwind, potentially pulling liquidity from equities, crypto and other risk markets.

Summing Up

The combination therefore looks uncomfortable for Bitcoin: US yields are already above 5%, oil is above $100, and two major central banks are preparing to tighten monetary policy within the same week.

If those trends persist, Bitcoin’s recovery toward $80,000 could quickly turn into another broad risk-off selloff.