Bitcoin's price is under pressure as global markets brace for potential policy shifts from the Federal Reserve and the Bank of Japan in December. The Federal Reserve's policy uncertainty and the Bank of Japan's possible rate hike are creating a tug-of-war between U.S. and non-U.S. monetary policies, impacting the dollar and Bitcoin. Seasonal trends in the dollar and Bitcoin's sensitivity to liquidity expectations are key factors influencing market dynamics. Market participants are closely watching for a potential Fed rate cut and a BOJ policy shift, which could significantly affect global capital flows and asset prices. Bitcoin, known for its volatility, may experience further fluctuations as these central bank decisions unfold, highlighting the cryptocurrency's sensitivity to changes in global liquidity conditions.