Bitcoin Paused Below $123,000 – Why Did the Rise Get Stopped?

Last week, Bitcoin (BTC) continuously set new price peaks, creating a feeling that the market is in a state of extreme euphoria. However, just a few steps away from surpassing the $123,000 mark – an important psychological milestone – the price unexpectedly corrected. The question arises: What has hindered the next breakout of Bitcoin? And does BTC still have a chance to advance to the $143,000 zone? 🐋 Whale Movement During Satoshi's Time – Increased Selling Pressure On July 17, a wallet address identified as belonging to the "Satoshi-era whale" – that is, a wallet that has not been active since the early days of Bitcoin – unexpectedly transferred a large amount of BTC. This event caused significant selling pressure in the market, pulling the price down slightly from the peak of $122,800 to the zone below $120,000. For institutional and individual investors, unusual movements from long-term wallets often carry negative signals - or at least create a sense of concern that the market may soon undergo a deeper correction. 📊 Alpha Price Indicator – A Strong “Checkpoint” at $123,370 According to Joao Wedson – CEO of Alphractal, the important reason why Bitcoin cannot surpass the $123,000 mark lies in the on-chain indicator called Alpha Price. What is Alpha Price? Alpha Price is a market valuation indicator based on: The age of the market ( is counted in days ). The average market capitalization throughout the operation of Bitcoin. This indicator creates dynamic support and resistance levels, reflecting investor behavior trends at each stage. What is the level $123,370? The price level $123,370 is the second Alpha Price threshold – a strong resistance zone that is both psychological and technical. According to Wedson, if Bitcoin cannot surpass and maintain above this price zone, then the next growth phase (bull cycle phase) cannot begin. 🔁 Pullback Before the Explosion? Despite a temporary failure at the $123,000 level, Wedson does not believe this is the market peak. On the contrary, he expects Bitcoin may have to undergo a short-term correction to gain momentum for a new growth phase. When the actual on-chain transaction volume is updated on Saturday, July 19, the value of Alpha Price will also be adjusted. If BTC can break through clearly and stably above $123,370, the next target will be the zone $143,000, corresponding to the peak of the upcoming potential uptrend. 📌 Meaning for Investors Monitor Alpha Price closely: This is a dynamic indicator that changes in real-time. Investors need to update regularly to grasp effective resistance/support zones. Be cautious of whales: Movements from old wallets can be signs of distribution or simply asset relocation. However, market sentiment still reacts strongly to this behavior. Do not panic during adjustments: A pullback is necessary to consolidate buying pressure and avoid the "FOMO" situation. If BTC holds above $117K–$119K, the trend remains bullish. 🔮 Upcoming Scenario: Could Bitcoin Rise to $143,000? If we consider the Alpha Price model and current momentum, Bitcoin still has strong potential for an increase. However, the prerequisite is to break and hold above $123,370. If this happens in the coming week, the market may witness a new surge, targeting the zone of $143,000 – corresponding to the third Alpha Price peak. 📈 Summary

💬 What do you think? $BTC will correct deeply or break $123K to reach $143K? Please share your investment perspective.