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Bitcoin nears $80,000 pivotal test as focus turns to U.S. jobs data, rate path

Bitcoin remains below a key resistance level in the $80,000 range as markets again price in the possibility of a U.S. Federal Reserve rate hike in September. Attention is on upcoming U.S. employment indicators ahead of the September FOMC meeting. Fed Chair Kevin Warsh played down the role of forward guidance and said July inflation data were insufficient. Oil prices have risen after the resumption of U.S. strikes on Iran, adding to volatility.