Bitcoin price falls below $60,000 again: Experts reveal key levels to watch for the cryptocurrency - What lies ahead?

Bitcoin price fell below the $60,000 mark, with futures trading at $59,580.20, down 5% in a week and 45% in a year, as investors shifted focus from Middle East geopolitics to expectations of tighter US monetary policy. Traders are now pricing in three Fed rate hikes this year, with a 64% probability of a September increase per the CME FedWatch Tool. The decline reflects macroeconomic uncertainty, cautious positioning, and selling pressure after Strategy announced plans to sell up to $1.25 billion worth of Bitcoin through 2027.