TLDR:
- BTC Price fails to break $ 123,000 level in the middle of rising sales pressure.
- Exchange transfers near annual heights, signaling possible distribution.
- BTC trade about $ 117K despite high daily trade volume.
- Resistance zones and data on the chain suggest short -term caution for bulls.
Bitcoin is facing heavy pressure Near a critical price level when large holders ramp up exchange activity. The second alpha price level, an important resistance zone, has completed the latest winnings.
At the same time, election transfers to exchanges are approaching annual heights, which signals possible profits. These two developments indicate that Bitcoin may lose momentum in the short term. The marketing entry seems careful when price measures and volume patterns change.
BTC price stuck under the resistance
Bitcoin failed to break through its second Alpha price level, currently set close to $ 123 370. This level is updated daily based on real -time flows on the chain.
Bitcoin fights below the Key Alpha Price Level
Bitcoin failed to break through the second Alpha price level, which is currently at $ 123 370 – and that is not a good sign in the short term. This level will be updated tomorrow, as it is dynamically adjusted based on real time on the chain … https://t.co/q8mwodnwbi pic.twitter.com/kclioepfdp
– Joao Wedson (@joao_wedson) July 18, 2025
According to Joao Wedson, Alpha Price mixes key evaluation metrics to identify potential support and resistance points. These thresholds often act as market reaction zones. Failure to clear the upper alpha band proposes growing sales page.
The next large resistance area is between $ 143,000 and $ 146,000, But bitcoin must first Recover the current alpha capsules. Until then, buyers can remain doubtful. A temporary dip under $ 120,000 may be needed to restore market positioning.
Election activity signals capital rotation
The data on the chain from Glassnode reveals rising Bitcoin transfers from whales to exchanges. The 7-day sliding average is now approaching 12,000 BTC.
This level reflects a former nail in November 2024, often bound to distribution phases. Although it still points to increased liquidity movement during last year’s peak.
Transfer from #Bitcoin Valions for exchanges accelerate.
7D SMA approaches ~ 12K $ BTC – Among the highest volumes this year and comparable to the nail at the beginning of Nov ’24.
Still during last year’s peak, but probably signals increasing profit or capital rotation. pic.twitter.com/kzpolczjoi– ice cream node (@glassnode) July 18, 2025
Large transfers to exchanges are usually linked to profit realization or capital rotation. When whales move assets to exchanges, it often leads to higher sales on the sales side. The time is in line with Bitcoin’s fight near key resistance.
BTC price measures slow down heavy volume
According to Coytecko, Bitcoin trading $ 117,670, which reflects a modest 24-hour decrease of 0.73%. During the past week, the price has decreased only 0.09%.
Despite minimal change, trade volume remains high of over $ 56 billion. This suggests active relocation rather than calm accumulation.
Price stagnation near resistance, in combination with increased volume and choice activity, points to short -term caution. Bulls may need fresh momentum to drive higher.
If Bitcoin cleans the Alfa price the roof opens the door to the range of $ 140,000. Until then, action or less return seems likely. Traders will look at exchange inflows carefully, as long -term choice transfers can weigh in the price.
At the moment, Bitcoin remains captured under resistance, with capital movement that indicates that some major players are adjusting their positions.
