The biggest uncertainty in the market right now? It’s probably the Bank of Japan’s rate hike on December 19. But to be honest, the drop on December 1 had already priced in some of these expectations in advance.

Unless the rate hike turns out to be larger than expected, or the central bank suddenly releases a much more hawkish policy signal, the actual impact on BTC’s price movement when the decision is made should be much weaker. After all, the market is already mentally prepared.

As for the Christmas period, there’s still something to look forward to—traditionally, liquidity tends to shift during this time, so we might see a few pleasant surprises.