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May has started strong, rising by nearly 2% after surpassing key resistance levels. According to cryptocurrency analyst Ali Martinez, Bitcoin is currently moving within a narrow range, and liquidity data suggests the market may soon see a strong rally toward $84,000.
Bitcoin liquidity map shows key levels
According to Ali Martinez, Bitcoin is currently trading within a tight range between $75,000 and $80,000. The latest Bitcoin liquidity heatmap shows intense activity around major price levels.
The most important level right now is $80,000. Many sell positions have accumulated in this area, making it a strong resistance zone.
Martinez indicates that if Bitcoin manages to break above $80,000, it could trigger selling pressure, pushing the price higher.