Bitcoin saw a green weekly close despite renewed US-Iran war momentum, and a trader forecast that BTC price action would beat last week's local highs.

Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route.

Bitcoin price rallied above $77,000 amid cooling geopolitical tensions and record-high back-to-back closes for the S&P 500.