Bitcoin Price Prediction: Sell-Off Monday in Another Failed Attempt to Break Resistance

Bitcoin price briefly touched $79,400 in early Monday trading before retreating sharply, as the the $80,000 ceiling prediction held firm for yet another rejection. BTC USD, TradingViewThe initial spike was triggered by a report that Iran had offered the United States a proposal to reopen the Strait of Hormuz, briefly lifting risk appetite across markets. The relief trade evaporated fast. Rising oil prices and unresol…