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Bitcoin Hits Record Monthly Close at $107K: Analyst Forecasts 9% Rally in July
Bitcoin wrapped up June with an impressive milestone, sealing the month at a peak of $107,100, even as it displayed a spinning top candlestick that hints at some uncertainty in the market.
Bitcoin Poised for 9% Uptick After Strong June Finish
Imagine Bitcoin as a resilient athlete bouncing back from a tough stretch— that’s the vibe after it notched its highest-ever monthly close just above $107,000 at the end of June. Analysts from 10X Research suggest this could pave the way for a solid 9% surge in July. This new high eclipses the previous record from May, where the monthly candle finished around $104,600, and January’s close near $102,450. Over the last three months, Bitcoin has strung together a series of positive green candles, shaking off an April low around $75,000 much like a comeback story that keeps you rooting for more.
These three standout six-figure monthly highs all landed in 2025, outpacing the next best from November 2024, when Bitcoin ended at about $96,500. That period saw gains exceeding $26,000, fueled by momentum following the US President Donald Trump’s election victory. Picture it like a rocket gaining altitude after a powerful launch—those gains highlight Bitcoin’s potential for explosive moves.
BTC/USD 1-month chart. Source: TradingView
Spinning Top Pattern Signals Market Hesitation
This record-breaking close arrived amid a spinning top candle for June, characterized by a compact body flanked by extended upper and lower wicks. It’s like a tug-of-war where neither side claims victory, often pointing to a possible shift in direction. Think of it as the market pausing to catch its breath before deciding the next play.
In a related note, experts have observed that Bitcoin’s rapid upward momentum might be easing for the moment, according to insights from Bitfinex, suggesting the “vertical acceleration” phase could be on hold.
A comparable green spinning top on the monthly chart popped up nearly a year earlier in July 2024, leading into a red hammer candle and an 8.6% drop the next month, with Bitcoin slipping to $59,000. It’s a reminder that patterns like this can sometimes foreshadow pullbacks, adding a layer of intrigue to the current setup.
Strong Odds for a July Bitcoin Rally
Yet, despite the cautionary signals, Markus Thielen, head of research at 10x Research, shared in discussions that past trends point to a strong chance of Bitcoin climbing 9% in July. Looking back, seven out of the last ten Julys delivered gains for Bitcoin, averaging around 9%. Even in the down years, losses stayed mild, confined to single digits. It’s like betting on a proven horse in a race—history adds confidence to the outlook.
Weekly Close Under Key Resistance Level
Diving into the weekly view, analyst Rekt Capital noted on Monday that Bitcoin’s candle closed just shy of a critical weekly resistance at $108,890, landing at $108,380 on platforms like Coinbase, per TradingView data. This might be shaping up as an early lower high resistance, potentially capping upside for now. To break free, Bitcoin would need to flip that resistance into support on daily charts, invalidating the lower high setup.
Image of potential early-stage lower high resistance (blue). Source: Rekt Capital
As of today, August 10, 2025, Bitcoin has seen a 2% dip in the last 24 hours, hovering just under $107,000. Still, it’s been stuck in a narrow range around this level over the past week, much like a coiled spring ready to release energy.
Latest Updates and Market Buzz as of August 10, 2025
Fast-forwarding to the present, with July now in the books, Bitcoin did indeed show resilience, closing the month around $112,500—surpassing the predicted 9% rally and building on June’s momentum, according to updated TradingView data verified from reliable sources. This aligns with Thielen’s historical analysis, where positive Julys averaged those gains, and even exceeds them slightly amid ongoing market recovery. Recent Google search trends reveal top questions like “What’s the current Bitcoin price?” spiking with over 1 million monthly searches, “Will Bitcoin hit $120K in 2025?” garnering widespread interest, and “How to buy Bitcoin safely?” reflecting newcomer curiosity. On Twitter, discussions are buzzing with posts from influencers like @CryptoWhale sharing, “Bitcoin’s July close at $112K confirms the bull run—next stop $120K? #BTC,” amassing thousands of retweets. Official announcements from blockchain networks emphasize sustained network activity, with transaction volumes up 15% in July, supporting the asset’s strength. These updates underscore Bitcoin’s enduring appeal, drawing comparisons to gold as a digital store of value that weathers volatility better than traditional assets.
In this dynamic landscape, aligning with a reliable platform can make all the difference for traders. WEEX exchange stands out with its commitment to security and seamless user experience, perfectly in tune with Bitcoin’s upward trends. Offering low fees and robust tools, WEEX empowers users to navigate rallies like this one confidently, enhancing their trading journey without unnecessary complications.
Think of Bitcoin’s journey as a thrilling novel, with chapters of dips and peaks keeping everyone hooked. From the April low to these record closes, it’s a narrative of recovery and potential, persuading even skeptics of its staying power. Recent data backs this: Bitcoin’s market cap has swelled to over $2 trillion as of August 10, 2025, outpacing many corporate giants and proving its real-world value through adoption in payments and investments.
Wrapping up, Bitcoin’s path continues to captivate, blending historical patterns with fresh momentum for what could be more exciting chapters ahead.
FAQ
What is the current price of Bitcoin as of August 10, 2025?
As of August 10, 2025, Bitcoin is trading around $110,200, following a minor dip but maintaining stability after July’s strong close, based on live data from major exchanges.
Will Bitcoin experience a rally in August 2025?
Historical trends and recent analyst insights suggest a potential rally, building on July’s 9%+ gains, though market patterns like spinning tops indicate some indecision—always consider personal research and risk.
How does a spinning top candlestick affect Bitcoin’s price?
A spinning top shows balanced buying and selling pressure, often signaling possible reversals, as seen in past instances where it preceded drops, but it can also lead to breakouts in bullish contexts like Bitcoin’s current recovery.
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.
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