Bitcoin sets record monthly close at $107K as analyst tips 9% rally

Bitcoin closed June at a record monthly high of $107,100 despite forming a spinning top candlestick pattern that suggests market indecision.

Bitcoin could be set for a 9% rally in July as it ended the month of June on a high with its highest monthly candle at just over $107,000, according to 10X Research.

Bitcoin’s previous highest month was May, with a monthly candle closure around $104,600, followed by January, when it closed the month at around $102,450. 

The past three months have also seen consecutive green candles as the asset recovered from its April dip to $75,000. 

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