Bitcoin Tests Above $65K, Continuation Potential on the Horizon

Bitcoin's price has broken out of a falling wedge formation and is pushing up to a fresh high, testing above $65k. This level previously held as support until sellers took their shot a few months ago.

The cryptocurrency had lagged Gold last year but that dynamic has shifted with gold remaining close to $4k support even as Bitcoin tests through the major level at $65k.

While chasing a fresh breakout is always a challenge, analysts are looking for continuation potential in three different areas on the chart.