CryptoQuant’s Axel Adler Jr Says Bitcoin Could Rally Above $113,000 Toward 30-Day Moving Average

According to COINOTAG on September 4, CryptoQuant analyst Axel Adler Jr. observed that a measured recovery could lift the Bitcoin price above $113,000, approaching the fair 30-day moving average band as on-chain indicators normalize.

Market data show the spot level near $110,700, modestly above the Short‑Term Holder (STH) realized price of $107,600, which functions as a reference monthly support; concurrent on-chain flows are trending toward stability while liquidity remains sensitive to profit-taking.

For market participants, adopt disciplined risk management: monitor the STH realized price as primary support, use the 30-day moving average for trend confirmation, size exposure to account for short-term volatility, and implement staged profit-taking rather than excessive leverage.