The crypto market was a story of two distinct halves, one of which saw the Bitcoin price soar to multiple all-time highs. After reaching its all-time high of around $122,800, the premier cryptocurrency has succumbed to a sobering wave of bearish pressure in the past few days.

This recent wave of downward pressure was precipitated by the movement of a Satoshi-era whale on Thursday, July 17. However, the Bitcoin price never seemed likely to cross the $123,000 level, and a prominent on-chain expert on X has explained why.

Is The Move To $143,000 Still Possible?

In a recent post on the social media platform X, Alphractal CEO & founder Joao Wedson explained why the price of BTC failed to break the $123,000 level during its rally to a new all-time high in the past week. According to the crypto expert, this seeming loss of momentum could spell danger for the market leader in the short term.

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The rationale behind this prediction is that the $123,000 region (or more precisely, $123,370) is the second Alpha Price level for the Bitcoin price. For context, the Alpha Price is a powerful on-chain indicator that uses several key metrics to estimate where the BTC price is likely to find support or resistance.

In essence, the Alpha Price is a level that the price of Bitcoin needs to breach and stay above to enter the next significant phase of the bull cycle. “It begins by calculating the market’s age in days and uses that to derive the average market cap—essentially the historical valuation baseline,” Wedson added about the indicator.

As shown in the chart above, the Alpha Price indicator has multiple threshold levels, which behave like pressure regions. These thresholds reflect zones where investor sentiment is likely to shift; lower levels act as supports because investors often buy to defend their positions, while upper levels signal increased selling pressure due to profit taking.

Wedson noted that the Bitcoin price failing to breach the second Alpha Price level doesn’t imply that the market top is in. However, the $123,370 region is a clear resistance zone, and the BTC price might need to face some pullback before climbing to new highs.

Wedson also mentioned that the Alpha Price level will update on Saturday, July 19, as it’s dynamically adjusted based on real-time on-chain transaction flows. Nevertheless, if the Bitcoin price does break this level, a move to above $143,000 could still be on the cards.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $117,610, reflecting an over 2% decline in the past 24 hours.

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Featured image from iStock, chart from TradingView

In a wide range of conversations, Matt Crosby, lead analyst at Bitcoin Magazine Pro, sits alongside the reasonable routes of chain cycle experts to explore pressing questions about the minds of many investors.

The discussion is divided into over-chain metrics, ETF flows, market psychology, and corporate accumulation. This is central to understanding whether Bitcoin’s next big move is slowing down and attenuating, or moving forward.

On-Chain Market Location: Not Overheated yet

According to Rational Root, the Bitcoin market is far from cycle fatigue.

This important metric (average acquisition price for recent market participants – exists as a proxy for overheating conditions. Routes argue that this mild positioning suggests we are still in bullish territory.

Structured mountain climbing and parabolic hype

The route noted that the current cycle forms a much more stable structure compared to past cycles.

Matt Crosby points out that more orderly trends could be a byproduct of the institution, suggesting that this could be a new stage in Bitcoin that suppresses extreme volatility in both directions.

ETF Flow: New Whale

A reasonable route closely tracked the large demand from ETFs.

This influx is significantly higher than the current daily issue of 450 BTC. ETF demand is combined with the Finance Ministry and long-term holders of companies, and is fundamentally shifting the supply dynamics of Bitcoin.

Human psychology is still dominant

Despite the rise of institutional players, routes remain based on patterns of behavior.

He reiterated that the Bitcoin cycle remains induced by collective psychology: consolidation, fear, and FOMO. So far, data from the current cycle appears to rhyme closely with the 2017 and 2021 cycles.

Are you in the stage of happiness?

See what he is well known Bitcoin Spiral Chartthe route pointed out:

Historically, this phase precedes the market peak, but routes have been careful not to provide timing guarantees.

Bitcoin Finance Company: Cheat Codes or Risk?

With the rise of Bitcoin finance companies such as MicroStrategy, Metaplanet and The Blockchain Group, Root is shared.

He highlighted the strategic use of debt by these companies and harnessed the decline of Fiat to accumulate Bitcoin. He also tackles previous skepticism caused by obstacles in the 2022 cycle (such as celsius, blockfi), but he considers current players to be fundamentally sound.

Price prediction and cycle timing

Pushed by prediction, the reasonable route said:

He cited the potential for macro risk and extended integration, but has reiterated so far that the current cycle remains historically within normal boundaries.

Are we entering a new era?

Root and Crosby acknowledge the changing nature of Bitcoin’s market participants, but agree that the basic cycle mechanisms still apply.

Added routes:

The final words

The Bitcoin market structure has evolved, but not fundamental. Institutional demand, passive flows, and corporate accumulation are restructuring behavior, but the emotional core of the cycle remains familiar. Investors need to prepare for ongoing benefits, but should remain vigilant for signs of overextension.

For more in-depth research, technical metrics, real-time market alerts, and access to the growing community of analysts, visit bitcoinmagazinepro.com.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making an investment decision.

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The talk around an altcoin season has been on the lips of the members of the crypto community since the start of the year. However, most altcoins have been unable to sustain any meaningful bullish momentum over the past few months.

Interestingly, a market intelligence firm has come forward with the projection that these digital assets are set to outpace Bitcoin, the world’s largest cryptocurrency by market capitalization, in the coming months.

Is The Altseason Around The Corner?

In a June 14 post on the social media platform X, on-chain analytics platform Alphractal revealed that “something big” is about to happen with altcoins. This prediction is based on the Altcoin Dominance metric and its movement around a historically relevant support level.

Alphractal’s analysis examined two Altcoin Dominance metrics: one that excluded all stablecoins and another that excluded Ethereum and all stablecoins. Historically, the former has found strong support around 25%, a level that has often served as a springboard to major altcoin rallies.

Source: @Alphractal on X

As shown in the chart above, the Dominance metric fell to the 25% level before bouncing back to around 35% in 2020. Similarly, the metric declined to 24% before rallying to above 50% in 2021 — around the time of the last major altseason.

As of now, the Dominance metric is around 27.91% and could be facing a potential reversal as it approaches this crucial support. Hence, there is an increased likelihood for altcoins to witness major market moves over the next few months.

As for the Dominance metric — excluding ETH and stablecoins, the critical support stands around 18%. Breaching this support can be historically correlated to significant price movements that allowed altcoins to gain market share ahead of Bitcoin.

Source: @Alphractal on X

Ultimately, the movement of these Dominance metrics signals that the market could be on the verge of a wave of volatility in the coming days. Alphractal mentioned that many altcoins are likely going to outperform Bitcoin in the coming months, regardless of whether the premier cryptocurrency rises or falls.

The on-chain analytics firm concluded:

These levels don’t guarantee the start of an Altcoin Season, but they’ve proven to be meaningful signals with a strong historical probability of leading to major market moves.

Ethereum, The King Of Altcoins  

Ethereum still ranks as the second-largest cryptocurrency in the digital asset sector, with a market capitalization of over $302.2 billion. As of this writing, the ETH token is valued at around $2,504, reflecting a 1.6% price decline in the past 24 hours.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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The Ethereum price is undoubtedly in a better place in recent weeks than it was in the year’s first quarter. However, the “king of altcoins” appears to be stuck in a loop — one involving repeated pushbacks at a specific price level.

After riding the week’s bullish momentum, the Ethereum price faced significant downward pressure above $2,700 and has since crashed to around where it started the week. Below is the underlying factor for ETH’s struggles above $2,700.

What’s Happening To ETH’s Price Above $2,700?

In a May 24 post on X, blockchain analytics firm Glassnode shared fresh on-chain insights into the movement of the Ethereum price over the past few days. According to the crypto platform, the next most significant level for the price of ETH lies at around $2,800.

The rationale behind this on-chain observation is the cost-basis distribution of the ETH supply. The relevant metric here is cost basis distribution (CBD), which reflects the total Ethereum supply held by addresses with an average cost basis within specific price brackets.

Source: @glassnode on X

As shown in the chart above, the CBD metric uses a heatmap with fixed price bracket levels (on the vertical axis) for a given period (on the horizontal axis). This indicator offers insights into trend shifts in investor cost basis over a specific period.

Glassnode noted that there is a significant cluster of investor cost-basis distribution around the $2,800 Ethereum price level. Basically, this implies that several investors acquired their coins around this price region.

Going further, Glassnode explained that the Ethereum price may witness significant sell-side pressure as it approaches the CBD cluster around $2,800. This phenomenon is based on the propensity of several previously underwater investors to look to offload their assets near breakeven.

This on-chain revelation explains why the Ethereum price has been facing rejection above the $2,700 mark over the past few weeks. For the second-largest cryptocurrency to break above this supply barrier, the demand for ETH around the CBD cluster must outweigh the selling pressure.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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The Bitcoin price has been a joy to watch over the past few weeks, bouncing back strongly from its $74,000 low to recover above the $100,000 level again. Interestingly, the latest on-chain data suggests that the premier cryptocurrency could be preparing to reclaim its current all-time-high price and perhaps embark on a fresh bull run.

Bitcoin Price To Follow Gold’s Footsteps

In a Quicktake post on the CryptoQuant platform, on-chain analyst Ibrahim Cosar put forward a data-focused insight into the potential trajectory of the Bitcoin price over the next few months. The relevant metric here is the Growth Rate Difference (Market Cap vs. Realized Cap), which looks at the difference in the growth rate between an asset’s market capitalization and realized capitalization.

According to Cosar, the Growth Rate Difference metric helps evaluate investor behavior (whether the market is overly pessimistic or optimistic) and the different market cycles. The indicator also helps to identify the correlation between actual value growth and price growth, while assessing the sustainability of a price trend.

Source: CryptoQuant

As seen in the chart above, the positive area (denoted by the green color) typically signals bullish market conditions. It suggests that the market cap is growing faster than the realized cap, with more investors entering the market and taking new positions.

The negative (red) zone correlates with bearish market conditions and major price corrections, as more investors offload their assets. With prices dropping and increased loss realization, investor confidence in the market begins to decline.

The highlighted chart shows that the Bitcoin price just witnessed a shift from red (bear market) to green (bull market) in recent days. Cosar believes that this change implies a potential parabolic rise in the price of BTC — as seen in the gold price over the past few months.

Bull Cycle Might Still Be On: CryptoQuant CEO

Two months ago, CryptoQuant Founder Ki Young Ju postulated that the price of BTC had reached its peak and that the bull cycle was over. However, following the impressive performance of the Bitcoin price in recent weeks, the on-chain analytics expert has walked back on their declaration.

According to Ju, the Bitcoin market has become relatively more diverse and seems to be moving away from the traditional cycle theory. The crypto CEO alluded to the past cycles being controlled by the old whales, miners, and new retail investors, while exchange-traded funds (ETFs) issuers, Strategy (MSTR), and institutional investors are the main players in the current one.

Ju, however, mentioned that the Bitcoin market is still sluggish while absorbing new liquidity, even though the most recent price action is extremely bullish. Hence, the crypto founder hinted at waiting for a clearer signal before taking new market positions. 

As of this writing, the flagship cryptocurrency is valued at just above $103,000, reflecting no significant movement in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

At Strategy World 2025, Michael Saylor issued a bold message to tech giants like Microsoft. Instead, skip stock buybacks and buy Bitcoin.

“Microsoft is going to buy back,” Saylor said. “Buying Bitcoin is ten times better than buying your own stocks.” Backed by data, he argued that by sticking to the legacy capital strategy, the company’s Treasury Department leaves a huge advantage on the table.

Over the past five years, Microsoft Stock has returned 18% impressive per year. But Bitcoin? The same stretch increases by 62% each year. “If the cost of capital is the 14% S&P 500, Microsoft is outperforming 48%. Bitcoin is outperforming 48%,” emphasized Saylor. “By the way, bonds have fallen by 5%.

According to Saylor, Bitcoin is not just a high-performing asset, but a fundamentally different type of asset. “It’s digital capital,” he said. “All digital is better. Digital photography is better. Digital relationships, digital messages, digital video. Don’t believe me. Ask Kodak. Ask Polaroid.”

He compared Bitcoin to digital buildings. It is invisible, unruly, immortal. “I hate about physical buildings, it’s visible, the mayor can control it, the weather can hit it. “Instead, the building will be invisible, immortal, immortal, teleportable.”

Saylor argued that companies like Microsoft, which dominated digital infrastructure, would become powered by digital capital. “Microsoft needs to have digital capital,” he said explicitly.

He also pointed out the unique benefits of Bitcoin as an uncorrelated asset. “You’re going to keep something on your balance sheet that’s not correlated with everything else,” he said. “You can buy back your inventory, dividends on cash flow, or embrace the future.”

For Saylor, the future is clear. Companies sitting on billions of dollars of cash should consider the benefits of Bitcoin. Bitcoin is a decentralized, transnational, censorship-resistant asset with the highest performance record of the past decade.

“We have to find something that is not exposed to a competitor, country, company, creditor, currency or culture,” he said. “And that’s Bitcoin.”

Check out the full live stream here.

OpenAI admitted that it can be confusing for users to choose between all the different models, but the company has quietly published a document that makes it easier to understand ChatGPT.

OpenAI posted an article titled “ChatGPT Enterprise – Models & Limits” on May 3.

While it provides an overview of all the available models and when to use one over another for enterprises, these advices are also applicable to regular users.

Right now, ChatGPT offers five models – GPT-4o, o3, o4-mini, o4-mini-high, and GPT-4.5.

What to choose between GPT 4o and 4.5?

According to the document, GPT 4o is the “omni model” with real-time information, and it should be used for summarizing content, brainstorming ideas or emails.

Since it’s a full-fledged multimodal, you can use nearly all the features, ranging from custom GPTs to image generation, canvas, advanced audio, and data analysis.

On the other hand, GPT-4.5 is your “creative” powerhouse, and it offers better emotional intelligence, communication and a creative approach to brainstorming.

It’s a lot like the GPT-4o, but if you prefer more creativity, GPT-4.5 should be your first choice.

What to choose between o4-mini, o4-mini-high and o3?

ChatGPT offers three reasoning models to regular users, but which one should you be using?

As per the document, o4-mini is fast for technical tasks, such as quick STEM-related queries, programming, visual reasoning.

On the other hand, o4-mini-high is best at detailed technical tasks, such as advanced coding, math, scientific explanations and higher accuracy.

Unlike these two models, o3 stands out in complex or multi step tasks, such as strategic planning, detailed analyses, extensive coding, advanced math, science, coding, and visual reasoning.

You’ll be able to choose between these models only when you pay $20 for ChatGPT Plus.

VisionPulsed, a popular YouTube chart analyst, believes Dogecoin’s path to the long-awaited one-dollar milestone still runs through a narrow technical corridor that has not yet been cleared. In his latest video, titled “THIS MUST HAPPEN TO CONFIRM DOGECOIN $1 PUMP and AVOID BEAR MARKET CRASH,” the analyst argues that Dogecoin and its bellwether Bitcoin have both broken their multi-month downtrends, but stresses that the market has one final proving ground to cross before a full-blown uptrend can take hold.

When Will Dogecoin Reach $1?

“We broke the downtrend—no matter how you draw it, it’s broken,” VisionPulsed tells viewers, pointing to Dogecoin’s diagonal resistance line that dates back to early 2024. In his framework, that downtrend was one of five “layers of hell,” a tongue-in-cheek name for stacked Fibonacci retracements and moving-average caps that have suffocated rallies since the 2021 peak. Three of those layers, he notes, are already “green,” and the fourth—essentially the 0.618 retracement—has now stalled price action.

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Historically, VisionPulsed adds, every decisive trend break in this cycle has been followed by a retracement that “back-tests” the former resistance as new support. He cites two prior episodes on Bitcoin where the market circled back 50–60 days later to kiss the trendline before rallying. A similar rhythm would place Dogecoin’s potential retest in May. “It doesn’t have to happen,” he concedes, “but I’m not going to ignore it.”

Much of the argument rests on Bitcoin, whose breakout he says is more advanced than Dogecoin. VisionPulsed sets $94,000 as the last bearish redoubt for Bitcoin—the level where the 0.618 retracement and a prior horizontal shelf converge. “This $94,000 range is basically the last resistance before it’s full-blown bull-market bullish,” he states. If Bitcoin vaults that barrier, his chart implies an air-pocket move to $100,000 and then $128,000, a scenario that would almost certainly lift Dogecoin with it.

Conversely, a rejection at $94,000 and a slide back to the broken trend would keep the larger market in check and extend Dogecoin’s sideways drift. The analyst insists he has “learned [his] lesson saying things have to happen,” framing the levels as conditional road signs rather than certainties.

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For Dogecoin itself, VisionPulsed is candid: an explosive ascent is not imminent. “I still think the best-case scenario for Dogecoin is sideways,” he says, clarifying that by “up” he means the kind of vertical “barrage of green candles” last seen in early 2021. What encourages him is the subtle upward curl of the daily stochastic RSI—“the higher it goes, the more bullish probability increases,” he notes—without yet flashing the overbought extremes that preceded previous eruptions.

Overlaying macro correlations, the analyst is watching the euro-dollar pair, which he argues has foreshadowed local Bitcoin tops throughout this cycle. If the euro rolls over while Bitcoin pushes into the mid-$90,000, past behavior suggests a near-term crypto peak could follow. Still, he declines to forecast a final top, saying, “We’ll worry about that when the time comes.”

Taken together, VisionPulsed’s roadmap proposes a quiet consolidation through late April into May, a possible trendline retest, and then a decision point at Bitcoin $94,000. Only when that barrier is flipped into support, he contends, does Dogecoin earn the structural clearance to challenge the psychological one-dollar marker.

At press time, DOGE traded at $0.175.

Featured image created with DALL.E, chart from TradingView.com