Bitcoin Bear Market Not Over Yet, Says Analyst: 'My Target Price For Going All-In Is....'

Bitcoin Market Analysis - Approximately $126 million was liquidated from the Bitcoin derivatives market in the last 24 hours, with short positions worth $108 million being wiped out, indicating significant market volatility [1] - Open interest in Bitcoin futures increased by 6.27% over the same period, suggesting renewed interest among traders [1] - Bitcoin's price recently spiked to $74,000, marking its first time above this level in nearly six weeks, leading to discussions about the potential end of the bear market [1][4] Analyst Insights - Analyst Gracy Chen expressed caution regarding the recent Bitcoin rebound, stating that the bear market is not over yet due to insufficient liquidity recovery [4] - Chen suggested that the $60,000–$70,000 range is suitable for dollar-cost averaging but advised against going all-in at this time [4] - Chen's target for a full investment in Bitcoin is at $50,000, indicating a strategic approach to investment timing [3]