Bitcoin BTC Price Retreats From 12-Week High After Iran Rally Meets Resistance at $79,400

Bitcoin (BTC) experienced a pullback from its 12-week high as the recent rally triggered by geopolitical tensions with Iran encountered a significant seller wall at the $79,400 level. The price retreat indicates strong resistance at this price point, with traders closely watching for further market movements. The initial surge was driven by safe-haven demand amid geopolitical uncertainty, but profit-taking and sell orders at the resistance zone capped further upside. Analysts suggest that BTC must break above the $79,400 resistance to sustain the bullish momentum, while a failure to hold support could lead to a deeper correction. Key support levels are now being monitored around $75,000 and $72,000.