Bitcoin set a monthly Closing Price record of $107,000, with a 9% rise expected in July.

Gate News bot news, according to Cointelegraph, data from 10X Research shows that Bitcoin's highest monthly Closing Price in June was slightly above $107,000, and analysts believe it is expected to rise 9% in July.

The highest monthly Closing Price of Bitcoin previously was in May, at around $104,600; followed by January, with a monthly Closing Price of about $102,450.

In the past three months, the price of Bitcoin has also continuously risen, recovering from the drop of 75,000 USD in April.

These three record-breaking six-figure monthly highs all occurred in 2025, followed by November 2024, with a closing price of approximately $96,500, during which Bitcoin's price rose by over $26,000 after Donald Trump won the presidential election.

Despite the K-line pattern in June showing a "top-spin" shape with a small body and long upper and lower shadows, the Closing Price still reached a historical high.

This pattern indicates that neither buyers nor sellers have gained control, which often signals a potential reversal in the price trend.

10x Research Director Markus Thielen pointed out that historical analysis indicates a high likelihood of Bitcoin rising by 9% in July.

"The US stock market has shown strong performance this month and is expected to continue its pump, with Bitcoin also likely to continue this momentum."

He stated that in the past 10 July's, Bitcoin had 7 that achieved positive returns, with an average rise of about 9%. He also added that even in the years with poor performance, the decline was relatively "mild", remaining in single digits.