Bitcoin Breakout and Retest done — Now Flip Zone Holding!

Mar 12

Hello Everyone, let's analyse Bitcoin of this 15-minute chart, Bitcoin is showing a classic price action behaviour that traders often look for: resistance → breakout → retest → continuation.

Earlier, this level acted as a strong resistance where price was rejected multiple times. Once buyers finally pushed price above it, the structure shifted.

Now the interesting part is happening.
Instead of breaking back below the level, Bitcoin is reacting right at the same zone, suggesting that the previous resistance is now acting as support (flip zone).

• Breakout above resistance showed strong buying pressure.
• Price pulled back into the flip zone instead of continuing straight up.
• Support is currently holding, which often indicates buyers defending the structure.
• If the level continues to hold, price may attempt another move toward the nearby targets.

Right now the focus is simple: how price behaves around the flip zone.

If support holds, continuation toward 70,100 → 70,500 → 70,900 becomes possible.
If the level breaks cleanly, the setup becomes invalid.

Because in trading, the breakout is easy, holding the retest is what confirms the move.

Disclaimer:
This analysis is for educational purposes only. Always manage your risk and follow your own trading plan.

Mar 13

Trade active

Given fantastic move as per expectation.

Mar 13

Trade closed: target reached