🚨 Bitcoin Rejected Below $123K — What Stopped the Breakout? 🔍📊
After briefly touching a new all-time high of $122,800, Bitcoin lost momentum and pulled back — but why didn’t it cross $123,000?
🕵️♂️ On-chain analysts point to a key factor:
A Satoshi-era whale moved coins on July 17, applying sudden downward pressure on the market.
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🧠 Alpha Price Theory Explained:
According to Joao Wedson, CEO of Alphractal, BTC failed to break $123,370 — a critical Alpha Price level.
🧮 What is Alpha Price?
It’s an on-chain metric that combines market age and valuation history to define key support/resistance zones.
• Below Alpha Price = Accumulation zone
• Above Alpha Price = Bull phase confirmation
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📉 What’s Next for BTC?
Wedson believes the rejection at $123,370 doesn’t confirm a market top, but it may require a pullback before resuming the uptrend.
If BTC successfully breaks above the current Alpha Price (which will update on Saturday, July 19), it could open the path toward $143,000 🚀
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⚠️ As always, stay alert. On-chain signals matter, but market psychology and macro trends still play major roles.
