Bitcoin pulls back from 12-week high as Iran rally hits seller wall at $79,400
Bitcoin retreated from $79,399 after hitting a 12-week high, as sellers dominated Asian trading Monday. The $80,000 zone represents breakeven for recent buyers, creating selling pressure despite 16% April gains and strong institutional accumulation. Fed and ECB decisions this week could provide the catalyst needed to break through resistance. Without it, repeated rejections near $79,000 may define the trading range instead of signaling a breakout.
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