Bitcoin is retesting a crucial structural support level around $112K after its recent local top near $120K. This zone previously acted as resistance and is now being tested as support — a textbook bullish continuation signal if it holds.
Historically, these flips (from resistance to support) have triggered strong upside momentum, as seen after the $78K breakout earlier this cycle. However, failure to hold this level could open the door for a deeper correction toward $100K or even the $90K region.
This chart outlines the major structural zones:
Long-term accumulation base near $70-78K
Resistance flip zone at $110-112K
Local resistance near $120K
📌 If bulls defend this zone and reclaim momentum, we could see another push toward cycle highs. If not, patience is key — the next high-conviction entry may come lower.
How are you positioning around this zone? Let me know in the comments 👇
