Glassnode said Bitcoin’s resistance zone at $87,000-$87,800 remained in place, according to a BlockBeats flash published Oct. 20.
Resistance and volatility view
BlockBeats said the range had previously been identified by Colin Basco and Coinbase Institutional in the Charting Crypto report, and that Bitcoin had been rejected there before consolidating below it. Glassnode said a breakout could bring significant volatility, while a larger selling-pressure area remained near $90,000.
These are attributed market views and conditional scenarios, not confirmed forecasts.
Source: BlockBeats flash.