Glassnode: If BTC breaks through the $87,000 to $87,800 range, it may trigger severe volatility.

PANews October 20 news: Glassnode stated that BTC's price level in Q4 remains solid. The institution previously noted in the "Charting Crypto" report with Colin Basco and the Coinbase Institutional team that BTC faces resistance in the $87,000 to $87,800 range. Since then, Bitcoin's price has been rejected in that range and has continued to consolidate below it. Glassnode believes that if Bitcoin's price can break through this range, it is likely to trigger sharp volatility, but there is still a large concentrated selling pressure zone around $90,000 above.