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Bitcoin pulls back from 12-week high as Iran rally hits seller wall at $79,400
Bitcoin briefly hit a 12-week high near $79,400 before reversing in Asian trading, marking a third failed attempt to clear the $79,000 level in eight sessions.
Analysts say the $80,000 area is a key breakeven zone for recent buyers, creating selling pressure even as bitcoin is up 16 percent in April and seeing strong institutional accumulation.