Will the Bitcoin price fall to $58,000? Tech sell-off worries experts

Bitcoin faces renewed downside risk after a sharp correction in the Nasdaq-100 following the US midterm elections, with one crypto analyst warning the price could retest its summer low around $58,000. The tech selloff has rattled market sentiment and spilled over into digital assets, putting pressure on Bitcoin as it trades well below its recent highs. The analyst's target would mark a significant drawdown from current levels and a return to the weakest point of the summer trading range. The correlation between equities and crypto remains a key driver, meaning further weakness in tech stocks could accelerate losses in Bitcoin. Traders are now watching whether the $58,000 support zone holds, as a break below could open the door to a deeper correction across the broader crypto market.