Axel Adler Jr.: Bitcoin Needs to Reclaim $64,000–$65,000 to Shift Bearish Trend to Neutral

On-chain analyst Axel Adler Jr. said Bitcoin must recover the $64,000 to $65,000 range to move the market trend from bearish to neutral. According to NS3.AI, Adler attributed Bitcoin’s weakness relative to gold to the Federal Reserve holding rates in the 3.50% to 3.75% range and a hawkish dot plot. Adler said these macro signals have weighed on Bitcoin’s performance compared with gold, and he framed a return to the $64,000–$65,000 area as a key level for improving market conditions.