Prominent cryptocurrency analyst and Bitget CEO Gracy Chen cautioned Monday that Bitcoin’s (CRYPTO: BTC) rebound to $74,000 should not be interpreted as the end of the bear market.
‘Not The Time To Go All-In’
Sharing her views in an X post, Chen said the ongoing bear market is not over as liquidity has not fully recovered.
“I’ve said time and again that the $60,000–$70,000 range is a good zone for dollar-cost averaging. But not necessarily the time to go ALL-IN,” Chen stated.
Chen aims to go all-in on Bitcoin at $50,000, where she hopes to buy the full amount of BTC she wants for this cycle.