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Bitcoin has continued trading sideways in the short term without breaking through resistance in the $87,000-$87,800 range, on-chain analytics firm Glassnode said on X.
Glassnode had identified the range as a key resistance zone in a report published jointly last month with Coinbase Institutional. Glassnode said volatility could increase significantly if BTC breaks out of its current range, while additional selling pressure is also clustered near $90,000.