{"content":"🚨 Bitcoin Stalls Below $123K—Here’s Why the Breakout Didn’t Happen! 🔍📊 One half of the crypto market witnessed Bitcoin hit numerous all-time highs. After hitting its all-time high of $122,800, the leading cryptocurrency has fallen in recent days. A Satoshi-era whale moved on Thursday, July 17, causing this downward pressure. X's top on-chain specialist explains why Bitcoin never reached $123,000. Can We Reach $143,000? Alphractal CEO & founder Joao Wedson discussed on X why BTC failed to breach $123,000 amid its rise to a new all-time high last week. Crypto expert: This apparent lack of momentum might threaten the market leader in the near future. This forecast is based on the fact that $123,370 is the second Alpha Price level for Bitcoin. The Alpha Price, a sophisticated on-chain indicator, employs numerous criteria to predict BTC price support and resistance. Bitcoin must surpass and remain above the Alpha Price to begin the next major bull cycle phase. Wedson said that the indicator calculates the market's age in days to get the average market cap—essentially the historical valuation baseline. The chart above shows several Alpha Price indication threshold levels, which act as pressure zones. Lower levels enhance investor confidence since they purchase to protect their holdings, while greater levels imply profit taking and increasing selling pressure. Wedson remarked that Bitcoin's failure to break the second Alpha Price level doesn't mean the market top is in. BTC may need to drop back before reaching new highs since $123,370 is a resistance zone. Wedson further said that real-time on-chain transaction volumes would dynamically alter the Alpha Price on Saturday, July 19. If Bitcoin breaks this level, it might rise beyond $143,000. #CryptoMarket4T #BTC120kVs125kToday #GENIUSAct #BTCWhaleTracker #AltcoinSeasonLoading $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/19/5477e1dbbe6a45658312fb2afc5f1b02.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}