Analyst: $80,000 is a key resistance level for bitcoin; a breakout could trigger a short squeeze driving the price up to $84,000.
According to ChainCatcher, crypto analyst Ali Martinez stated that as May begins, Bitcoin continues to fluctuate within a narrow range, while clusters of orders at key price levels are forming, which could become core areas for large-scale liquidations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitcoin falls below $84,000, down 0.32% in 24 hours.
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