Bitcoin is approaching the $80,000 mark as geopolitical tensions ease following Iran's assurance that it does not seek nuclear weapons. This statement has reduced geopolitical risks, boosting market confidence. Concurrently, the U.S. is advancing the ARMA Act, a national Bitcoin reserve legislation aimed at acquiring 5% of the global Bitcoin supply, further enhancing market sentiment. Technically, Bitcoin's 4-hour chart shows a bullish trend with increased buying volume, although the daily chart remains under pressure with bearish indicators. Key resistance levels are identified at $78,000 and $80,000, with support at $76,000 and $75,000. Analysts highlight the $77,000–$78,000 range as a critical battleground for market direction.