Bitcoin Price Could Drop to $58,000 Amid Fed Policy and Trade War Fears

Bitcoin (BTC) faces significant downward pressure, with analysts warning of a potential decline toward the $58,000 support level. The primary catalysts for this bearish outlook are the persistently restrictive monetary policy from the U.S. Federal Reserve and escalating global trade tensions. These macroeconomic factors are dampening investor appetite for risk-on assets like cryptocurrencies. Market sentiment has turned cautious as traders anticipate prolonged high interest rates, which reduce liquidity and increase the appeal of traditional safe-haven investments. The crypto market is closely monitoring these developments, as a breach below key support could trigger further sell-offs. Experts advise watching the $58,000 level closely, as holding above it is crucial for any medium-term bullish recovery in Bitcoin's price.