Bitcoin at $59,900 amid inflation concerns, here's what experts think lies ahead

Bitcoin is trading around $59,900 amid hot US May inflation data that revived fears of Federal Reserve rate hikes, combined with significant Bitcoin ETF outflows and a shift in investor attention toward AI assets. The fear and greed index dropped to 15 indicating extreme fear, while around $600 million in crypto liquidations occurred within an hour and a $10 billion options expiry approaches. Experts view $55,000 as key support and the $60,000 to $62,000 range as resistance to reclaim for any recovery.