Bitcoin closed June with a record monthly high of $107,100, despite the formation of a spinning top candlestick pattern, which typically indicates market indecision . This pattern, characterized by a small body with long upper and lower wicks, suggests that neither buyers nor sellers have asserted dominance, often preceding a price reversal or consolidation phase .
However, Bitcoin's sustained upward trajectory throughout 2025 underscores robust underlying demand and resilience . Historical trends and expert analysis suggest a potential 9% rally for Bitcoin in July . According to 10X Research, Bitcoin's consecutive six-figure monthly closes in 2025 highlight a robust recovery from earlier dips .
Key resistance levels are closely monitored by analysts, with the most recent monthly close in June at $107,100 marking a significant milestone . This follows a recovery from a significant dip to $75,000 in April, demonstrating a robust rebound . The last comparable spinning top candle appeared in July 2024, which was succeeded by a red hammer candle and an 8.6% decline in August . Market participants should weigh these historical signals carefully as they navigate current price dynamics .
Markus Thielen, head of research at 10X Research, highlights a strong seasonal pattern favoring Bitcoin gains in July . Analysis of the past decade reveals that Bitcoin has delivered positive returns in seven out of ten Julys, averaging a 9% increase . Even in years with negative performance, declines remained modest and within single-digit percentages . This trend aligns with the typical strength observed in US equities during July, which often correlates with Bitcoin's price movements .
Thielen emphasizes that the current market environment, including sustained equity momentum and Bitcoin's recent price action, creates a favorable backdrop for further upside . Investors are encouraged to consider these seasonal factors alongside technical indicators . Bitcoin is on the brink of achieving its highest monthly close ever, with prices hovering around $108,000 . This significant milestone is driven by a combination of strong bullish momentum and favorable geopolitical developments that have injected fresh optimism into the crypto markets worldwide .
The recent U.S.–China trade agreement and shifts in rare earth export policies have further boosted market confidence, contributing to the bullish sentiment . Bitcoin's price action reflects a robust market structure, supported by technical indicators signaling sustained upward momentum . Bitcoin's approach to a historic monthly close near $108,000 is supported by a blend of strong technical foundations, institutional adoption, and positive geopolitical developments . This convergence of factors suggests a sustained bullish trajectory, with potential for new all-time highs in the near future . Market participants should remain attentive to emerging trends and geopolitical shifts, which will continue to shape the crypto ecosystem's growth and stability .