Analysis: Yen shock could trigger BTC dip before major rally

A potential yen shock could cause Bitcoin to fall before rebounding sharply, according to an analysis by Cointelegraph. The report highlights growing speculation that Japanese authorities will intervene in the foreign exchange market amid the yen's continued weakness. It points to two similar past instances where such intervention was followed by BTC falling 30% from its peak before rallying by more than 100%. If this historical pattern repeats, the analysis suggests BTC could drop to a range between $65,000 and $70,000.