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BTC Price Analysis: 2 Critical Levels to Watch for Bitcoin in the Short Term

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Bitcoin’s price is consolidating in a tight range as market participants are uncertain about the future direction of the price.

Technical Analysis

By TradingRage

The Daily Chart

On the daily chart, the price has recently rebounded from the $50K area, following the significant drop below the 200-day moving average. Currently, the market is consolidating below the moving average, which is located around the $63K mark, failing to climb back above.

Meanwhile, the $56K support level currently holds the market, preventing the price from dropping further. Therefore, a breakout from either this level or the 200-day moving average could determine the short-term price action of BTC and the crypto market.

btc_price_chart_1708241
Source: TradingView

The 4-Hour Chart

Looking at the 4-hour timeframe, the price has created a bullish flag pattern following the recent recovery from the $50K area.

Considering the price action inside the flag pattern, it could only be a matter of time before the market breaks it to the upside, which could result in a rally toward the $64K resistance zone in the short term.

On the other hand, note that things could get ugly quickly if the flag gets broken to the downside.

btc_price_chart_1708242
Source: TradingView

On-Chain Analysis

By TradingRage

Bitcoin Short-Term Holders SOPR

While Bitcoin’s price action has been quite choppy over the last few months, analyzing what the investors are going through can be insightful.

This chart presents the Bitcoin short-term holder SOPR, which measures the aggregate ratio of profits (or losses) realized by short-term investors. Values above one show aggregate profit realization, and values below one indicate losses being realized on aggregate.

As the chart suggests, during the last few months of consolidation, the profit margins for short-term holders have been declining, and they have even been realizing losses in the previous few weeks. While unfortunate, this shakeout could be a typical sign of a price bottom in the middle of a long-term bull run. Yet, this is not guaranteed, as a wide range of factors can affect how the price will behave in the near future.

btc_sopr_chart_1708241
Source: CryptoQuant
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Cryptocurrency

Crypto Markets Shed $100 Billion as Bitcoin Was Rejected at $120K: Weekend Watch

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Bitcoin’s price ascent to $120,000 came to a halt yesterday as the asset was rejected once again at that resistance and pushed south by a couple of grand.

The altcoins, which were flying high yesterday, have seen even bigger price declines over the past 24 hours, with SUI leading the adverse trend.

BTC Stopped at $120K

Bitcoin had a spectacular start to the business week as its ascent that began last week culminated on Monday with a price surge to just over $123,000. Thus, the cryptocurrency set a new all-time high after adding over $15,000 in the span of about five days.

This ‘up only’ mode finally came to an end, and the asset went on an expected correction. It lost over seven grand in the following day or so, driven mainly by profit-taking and some uncertainty in the US after the worrying CPI data for June.

Nevertheless, the bulls didn’t allow a further breakdown, and BTC started to recover the lost ground. By the end of the week, it challenged $120,000 and even went for $121,000 on a few occasions, but to no avail. The subsequent rejections pushed it south hard, and BTC slipped to $117,000 yesterday.

It has recovered some ground and now trades around $118,000, but it’s still in the red on a daily scale. Its market cap has declined to $2.350 trillion, while its dominance over the alts is below 60%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Retrace

Many altcoins posted impressive gains on Friday, but the situation has flipped since then. XRP, which skyrocketed to a new all-time high of over $3.6, has lost almost all gains and is down to just over the previous peak of $3.4. Ethereum was stopped at $3,700 and is now below $3,600.

SUI has dumped the most from the larger-cap alts, followed by HYPE, XLM, ADA, SOL, and LINK. Dogecoin and ETC are the two exceptions from this cohort of altcoins.

The total crypto market cap, which soared past $4 trillion yesterday, is down by $100 billion since the peak to $3.940 trillion now.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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DOGE Price Ships to 2-Month High: How Bullish Are Whales and Traders?

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TL;DR

  • The cryptocurrency market revival in the past ten days or so has benefited certain assets more than others, with the leading meme coin being a prime example.
  • Dogecoin’s price rocketed to a two-month peak, while whales have started accumulating en masse, and large traders are opening sizeable longs.

Data shared by Ali Martinez shows that large DOGE holders have expanded their holdings by more than a billion coins within the span of just two days. To put this amount into a USD perspective, it’s valued at over $250 million at current prices.

This accumulation comes at a time when the OG meme coin’s price has gone through the roof. Recall that it traded at $0.19 on Tuesday, which was a crucial support line. After it bounced off it on a couple of occasions, DOGE went on a roll, shipping beyond $0.25 and reaching its highest price tag since the second week of May.

Moreover, Dogecoin’s price has soared by more than 80% since its bottom on June 23 during the Israel-Iran war.

Aside from whales buying spot, large leverage players have also caught the move upward. Lookonchain reported that an anonymous whale closed a long DOGE position at the top yesterday, profiting more than $2 million. Later, they opened another one, worth over $21 million, going 10x long on the meme coin.

From a technical standpoint, analysts believe Dogecoin is poised for a surge to $0.36 or even $0.54, as long as it remains above the critical support level at $0.2.

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Visual Crossing Integrates Real-Time Radar into Weather API for U.S. and European Markets

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[PRESS RELEASE – Reston, VA, United States, July 18th, 2025]

Visual Crossing has expanded its weather data platform with the integration of real-time radar capabilities. The rollout begins with coverage across the United States and Europe, offering enhanced precision for location-aware applications and services.

Radar integration into weather APIs is not new—competitors such as Tomorrow.io and OpenWeather introduced similar capabilities in 2021. However, Visual Crossing’s implementation prioritizes broader accessibility and developer integration, rather than focusing solely on enterprise-level deployments.

“Adding real-time radar unlocks a new level of precision in location-aware applications,” Sean, Visual Crossing spokesperson stated. “It allows developers to track storms and rainfall minute-by-minute and adjust their services accordingly.”

Enhancing Environmental Context in Location-Based Services

While GPS provides spatial positioning, it does not account for evolving environmental factors. Real-time radar bridges this gap by incorporating live data on storm activity, precipitation, and wind fields. This enables geospatial applications to dynamically respond to environmental changes.

Navigation systems, for example, can now reroute traffic based on storm proximity, avoid flooded or hazardous zones, and provide safety scoring for different route options. Ride-hailing services may delay or cancel trips, adjust dynamic pricing based on weather proximity, and notify users of weather-related risks.

Micromobility platforms can temporarily suspend operations in zones forecasted for severe conditions, enhancing user safety.

According to data from the U.S. Federal Highway Administration, approximately 21% of vehicle crashes in the U.S. are weather-related, contributing to nearly 5,000 fatalities and over 418,000 injuries annually. Real-time radar data can help applications mitigate such risks through timely adaptation.

Applications Across Logistics and Retail

The integration is expected to support operational resilience for logistics providers, on-demand services, and retail platforms. Organizations such as FedEx and Amazon could potentially adjust shipment routes, reschedule loading times, or pause deliveries based on live weather intelligence.

Given that over 70% of U.S. roads pass through snowy regions, the ability to respond to precipitation and storm warnings is critical for safety and efficiency in fleet management.

Weather’s influence on retail is also significant. A study in the Journal of Retailing and Consumer Services indicated that daily sales performance can fluctuate by up to 23.1% based on store location and up to 40.7% based on weather-sensitive product categories. With real-time weather data, applications may automate localized promotions, such as hot beverage discounts during cold weather or patio dining campaigns on clear days.

About Visual Crossing

Visual Crossing provides advanced weather data solutions for developers, businesses, and enterprises. Through its scalable weather API platform, the company delivers historical, current, and forecast weather data designed for precision and accessibility. Visual Crossing serves a diverse range of industries, including logistics, agriculture, retail, and energy, enabling them to build smarter, weather-aware applications and operations.

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