BTC Price Poised For Major Breakout.

The Bitcoin price at $60174 is just 1% away from a major breakout of the downsloping trendline. The dynamic resistance intact since late July drives the current correction trend, and a potential breakout will boost the bullish momentum.

If the buyers flip overhead resistance into potential support, the BTC price could target $68000, followed by an all- time high resistance of around $73777.

On the contrary note, the Bitcoin price prediction shows a notable resistance at the $65800 mark as over 6.84 Million addresses hold approximately 3.1M BTC.

Therefore, if the potential rebound faces supply pressure at this resistance, the sellers could drive an extended consolation phase for Bitcoin.