BTC may fall to $58K amid restrictive U.S. monetary policy and escalating trade disputes.

Veteran Trader Predicts Bitcoin Could Drop to $58K Amid Macro Pressures

Peter Brandt, the seasoned trader who correctly called the 2018 Bitcoin crash, has forecast that Bitcoin (BTC $89,790) could slide to between $58,000 and $62,000 in the coming weeks. Analysts say macroeconomic conditions make a bearish outlook increasingly likely.

On Tuesday, market experts pointed to factors such as potential U.S.-E.U. tariff escalations and geopolitical tensions that could push Bitcoin lower. Brandt, a futures trader since 1975 with over 850,000 followers on X, issued the warning late Monday.

Jason Fernandes, market analyst and co-founder of AdLunam, said Brandt’s target is technically feasible, but stressed that macro trends, not chart patterns, will likely drive the move.

“Charts can only take you so far—macro is the key,” Fernandes said. “U.S. inflation falling below 2% hasn’t led to easier policy, and any rise in tariffs or geopolitical friction could reignite inflation and delay rate cuts. Tensions over Greenland could also keep central banks in a high-rate defensive stance.”

Fernandes added that “as long as rates remain restrictive and liquidity tight, a move back into the mid-$50,000 range is firmly in play.”

Mati Greenspan, founder of Quantum Economics, agreed, noting that while technical setups matter, “after years of Fed-driven liquidity withdrawal and one of the weakest economies in decades, macro conditions are likely to outweigh any single chart pattern.”

Fernandes said he will closely monitor developments around Greenland, U.S. interest rates, and Federal Reserve policy. Longer-term data from decentralized exchanges and Deribit, the largest centralized options platform, suggests roughly a 30% chance of Bitcoin falling below $80,000 by June.