Crypto: Bitcoin Price Targets Extend Down To $58k As BTC Prints New Death...

Bitcoin failed to break out from its macro trading range, according to analysis, with new BTC price targets including a return to sub-$60,000 levels.

Bitcoin (BTC) slid to eight-day lows on Tuesday as macro headwinds gave bulls new headaches.

Bitcoin toyed with the 2025 and 2026 yearly opens after a “failed” breakout from its multimonth range.

Some analysts argue BTC’s current weakness is technically driven, despite macro headlines.

Targets for Bitcoin include a drop to 15-month lows.

Data from TradingView showed BTC price action retargeting $90,000 prior to the week’s first Wall Street trading session.

This was tipped to be volatile amid a potent combination of geopolitical and macroeconomic forces, chief among which was the reemergence of a US-EU trade war, stemming from US President Donald Trump’s renewed rhetoric around US control of Greenland.

With Trump tariffs back in the cards, risk assets suffered while precious metals hit new all-time highs as traders sought safe havens.

“Now fully back into the ~$84K-$94K range it has spend the past 2 months in already,” trader Daan Crypto Trades summarized in his latest analysis on X.

An accompanying chart showed price sliding through its 200-period simple (SMA) and exponential (EMA) moving averages on four-hour timeframes.

Source: CoinTelegraph