Analyst: $80,000 Key Resistance for Bitcoin, Breakout Could Trigger Short Squeeze to $84,000

May 2nd — Cryptocurrency analyst Ali Martinez noted that as May gets underway, Bitcoin remains stuck in a narrow trading range, while an order cluster is forming near a key price level—potentially setting up a major liquidation zone. - **Upper Resistance**: $80,000. This level acts as a critical psychological and technical barrier, with a large pool of short-side liquidity sitting there. A break above it could trigger a short squeeze, sending prices quickly toward $84,000. - **Lower Support**: If $80k fails to break, the lower liquidity zone includes $75k, $73k, and $70k—these levels may catch any pullback. Notably, the market is currently in a tug-of-war between bulls and bears. A daily close above the $75k-$80k range could set the overall trend for the month.