BTC/USD Forecast: Bitcoin Tests $59,375 Support as Fed TighteninBitcoin / U.S. dollarBITSTAMP:BTCUSDJohn_IsigeBTC/USD remains under heavy bearish pressure after extending last week’s decline toward 59,375.00, the Murray level , trading near annual lows. Growing expectations that the U.S. Federal Reserve will tighten monetary policy continue to weigh on cryptocurrencies as strong macroeconomic data reinforces the case for higher interest rates. The latest inflation figures showed the Personal Consumption Expenditures (PCE) Price Index rising from 3.8% to 4.1%, while the core PCE increased from 3.3% to 3.4%, remaining well above the Fed’s 2.0% target. Meanwhile, first-quarter GDP expanded by 2.1%, outperforming expectations of 1.6%. Combined with a resilient labor market—where unemployment remains at 4.3% and nonfarm payrolls increased by 172,000—the data strengthens expectations that policymakers could begin raising interest rates as early as September. Market participants are now pricing in at least one rate hike this year, while more aggressive forecasts suggest cumulative tightening of 75 basis points before year-end. Even easing geopolitical tensions in the Middle East have failed to improve sentiment across digital assets. Although the United States and Iran agreed to suspend hostilities and reopen the Strait of Hormuz to commercial shipping, institutional demand for crypto remained weak. Digital investment products recorded approximately $1.787 billion in weekly outflows, while the Crypto Fear & Greed Index remains deep in the “Extreme Fear” zone at 12. Support and Resistance Levels The trading instrument continues to move within a broad bearish trend and is currently testing the key support at 59,375.00 (Murray ). A confirmed breakdown below this level and the 57,000.00 Fibonacci support would likely accelerate losses toward the major psychological level at 50,000.00. Alternatively, if buyers regain control and push the price above 65,625.00, where the upper Bollinger Band and Murray converge, recovery could extend toward 75,000.00 and 82,000.00. Technical indicators continue to favor sellers. Bollinger Bands remain directed downward, the MACD histogram stays firmly in negative territory, while the Stochastic Oscillator is approaching oversold levels, suggesting that a short-term corrective rebound remains possible. On the weekly timeframe, Bollinger Bands also continue to point lower, confirming that the long-term bearish trend remains intact. Resistance levels: 65,625.00, 75,000.00, 82,000.00. Support levels: 59,375.00, 57,000.00, 50,000.00. BTC/USD Trading Scenarios and Forecast Short positions may be considered below 57,000.00, targeting 50,000.00, with a stop-loss at 61,500.00. Expected implementation period: 5–7 days. Long positions may be considered above 65,625.00, targeting 75,000.00 and 82,000.00, with a stop-loss at 60,000.00. Main Scenario BTC/USD remains under heavy bearish pressure after extending last week’s decline toward 59,375.00, the Murray level , trading near annual lows. Growing expectations that the U.S. Federal Reserve will tighten monetary policy continue to weigh on cryptocurrencies as strong macroeconomic data reinforces the case for higher interest rates. The latest inflation figures showed the Personal Consumption Expenditures (PCE) Price Index rising from 3.8% to 4.1%, while the core PCE increased from 3.3% to 3.4%, remaining well above the Fed’s 2.0% target. Meanwhile, first-quarter GDP expanded by 2.1%, outperforming expectations of 1.6%. Combined with a resilient labor market—where unemployment remains at 4.3% and nonfarm payrolls increased by 172,000—the data strengthens expectations that policymakers could begin raising interest rates as early as September. Market participants are now pricing in at least one rate hike this year, while more aggressive forecasts suggest cumulative tightening of 75 basis points before year-end. Even easing geopolitical tensions in the Middle East have failed to improve sentiment across digital assets. Although the United States and Iran agreed to suspend hostilities and reopen the Strait of Hormuz to commercial shipping, institutional demand for crypto remained weak. Digital investment products recorded approximately $1.787 billion in weekly outflows, while the Crypto Fear & Greed Index remains deep in the “Extreme Fear” zone at 12. Support and Resistance Levels The trading instrument continues to move within a broad bearish trend and is currently testing the key support at 59,375.00 (Murray ). A confirmed breakdown below this level and the 57,000.00 Fibonacci support would likely accelerate losses toward the major psychological level at 50,000.00. Alternatively, if buyers regain control and push the price above 65,625.00, where the upper Bollinger Band and Murray converge, recovery could extend toward 75,000.00 and 82,000.00. Technical indicators continue to favor sellers. Bollinger Bands remain directed downward, the MACD histogram stays firmly in negative territory, while the Stochastic Oscillator is approaching oversold levels, suggesting that a short-term corrective rebound remains possible. On the weekly timeframe, Bollinger Bands also continue to point lower, confirming that the long-term bearish trend remains intact. Resistance levels: 65,625.00, 75,000.00, 82,000.00. Support levels: 59,375.00, 57,000.00, 50,000.00. BTC/USD Trading Scenarios and Forecast Short positions may be considered below 57,000.00, targeting 50,000.00, with a stop-loss at 61,500.00. Expected implementation period: 5–7 days. Long positions may be considered above 65,625.00, targeting 75,000.00 and 82,000.00, with a stop-loss at 60,000.00. Main Scenario Timeframe Weekly Recommendation SELL STOP Entry Point 56,990.00 Take Profit 50,000.00 Stop Loss 61,500.00 Key Levels 50,000.00, 57,000.00, 59,375.00, 65,625.00, 75,000.00, 82,000.00 Alternative Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 65,700.00 Take Profit 75,000.00, 82,000.00 Stop Loss 60,000.00 Key Levels 50,000.00, 57,000.00, 59,375.00, 65,625.00, 75,000.00, 82,000.00