Bitcoin closed June 2025 at a record monthly high of $107,100, despite forming a spinning top candlestick pattern indicating market indecision. Analysts predict a potential 9% rally for Bitcoin in July, as the asset has shown positive returns in seven of the last ten Julys, with an average gain of about 9%. Bitcoin's previous monthly closes were $104,600 in May and $102,450 in January, following a drop to $75,000 in April. The spinning top pattern suggests a reversal may be imminent, as it indicates neither buyers nor sellers dominated the market. Markus Thielen from 10X Research believes the strong history of July performance for U.S. equities tends to result in similar trends for Bitcoin. Analysts are also observing resistance levels, indicating that Bitcoin needs to reclaim these levels to avoid a potential decline. Despite a recent 2% dip below $107,000, Bitcoin remains range-bound at this level, signaling ongoing market volatility and opportunity.

Source 🔗