🚨 $BTC STALLS BELOW $123K – WHY THE BREAKOUT FAILED & WHAT’S NEXT?

Bitcoin came within striking distance of $123,000, peaking at $122,800 before retracing—leaving traders wondering: What stopped the breakout?

According to Alphractal CEO Joao Wedson, the culprit lies in a powerful on-chain resistance: the Alpha Price indicator.

🧠 What is Alpha Price?

A next-gen valuation model that factors in Bitcoin’s market age to define dynamic support/resistance zones. The $123,370 mark was the second Alpha Price level—a historic resistance zone that triggered profit-taking and selling pressure.

💡 Wedson notes that while the stall at this level may seem bearish, it doesn’t signal a market top. In fact, real-time on-chain volumes could adjust Alpha Price levels as early as July 19.

Key Insight:

If $BTC clears $123,370 with conviction, the next leg could extend toward $143,000+. For now, caution prevails—but the bull cycle isn’t over.

Keep your eyes on volume, whale activity, and Alpha Price dynamics.

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