Bitcoin has not yet entered a genuine bull market phase, according to CQ, CEO of BTC, who noted that clear market signals would emerge once sustained upward momentum takes hold. In a recent market assessment, CQ stated that current price action lacks the defining characteristics of a true bull run, suggesting traders should remain cautious about declaring a decisive trend reversal.
The comments reflect ongoing uncertainty about Bitcoin's directional momentum despite recent price recovery. Market participants continue to scrutinize technical indicators and on-chain metrics for confirmation that institutional and retail demand have shifted decisively in favor of further appreciation. CQ's remarks underscore the distinction between price bounces and sustainable bullish trends, a distinction increasingly important as investors weigh macro factors including monetary policy and regulatory developments.