Analysis: Bitcoin is slightly above the key monthly bull run support level, and the market is in a recovery phase.


BlockBeats reported that on September 4, CryptoQuant analyst Axel Adler Jr stated that any recovery could see Bitcoin's price return above $113,000, moving towards the fair thirty-day average value range. Recent bullish scenarios include a technical rebound to the $113,000 to $115,000 range, with capital flows stabilizing. Bitcoin's current price of $110,700 is slightly above the short-term holders (STH) realized price of $107,600 (key monthly bull market support level), and remains bullish on higher time frames, but the market is in a repair phase and is sensitive to profit-taking.
WLFI-2.57%
SOL1.83%
BTC-0.12%
ETH0.57%
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