HTX Research has warned that Bitcoin will not enter a new bull market until three specific conditions shift. While the exact factors aren’t listed, the implication is clear: price momentum alone isn’t sufficient to spark a sustained rally. In the current environment, Bitcoin sits at $63,228, a 1.7 % rise over the last 24 hours, yet the fear/greed gauge remains at 22, classified as extreme fear. This mismatch between a modest price uptick and a bearish sentiment suggests that the market is still waiting for a deeper catalyst.
For retail traders, the takeaway is that a single day’s price bump is unlikely to herald a long‑term uptrend. Instead, the market will need a combination of macro‑economic stability, increased institutional participation, and clearer regulatory guidance to lift the sentiment from fear to confidence. These are the three pillars that HTX Research sees as essential for a new bull cycle.
What to watch next? Keep an eye on macro‑economic data releases—interest‑rate decisions, inflation reports, and employment figures—as well as any new regulatory announcements that could clarify the legal landscape for crypto assets. Institutional buying trends, such as large‑scale ETF approvals or corporate treasury allocations, also play a pivotal role. Until these elements align, Bitcoin’s current gains are likely to remain short‑lived, and the market will continue to oscillate within a fear‑dominated range.