Bitcoin held near $79,700 on Monday as stronger U.S. jobs data boosted Fed rate-hike expectations, while escalating U.S.-Iran tensions pushed oil prices higher.
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After a strong monthly close, we can’t deny the strength in the price action.
But the weekly close above $83K is still important for a proper structural shift.
We still have a major resistance block, along with the MAs, acting as key hurdles.
If BTC manages to shift the weekly structure, we could see some short-term correction along the way, but the overall structure would favor further upside. 👀🎯