Bitcoin Approaching Key Resistance – Breakout or Fakeout?

Bitcoin ($BTC) has been steadily climbing and is now testing a major resistance level at $68,000. This level has historically acted as a barrier, with price struggling to close above it convincingly.

Looking at the 4H chart, we see:

A clear ascending triangle, often a bullish continuation pattern.

Volume has been gradually increasing, suggesting a potential breakout.

RSI is nearing overbought territory, which could lead to short-term consolidation.

If Bitcoin can close above $68K with strong volume, my target is $72K in the short term. However, failure to break above might lead to a retest of support around $64.5K.

Let me know your thoughts — breakout or fakeout?

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