Whale James Wynn: If Bitcoin Peaks Around $118,000-$122,000, the Market Will Enter a Cooling Period with Sideways Movement
Whale James Wynn posted on social media early this morning, stating that he has reduced his long position in Bitcoin, taking some profits around the $110,000-$111,000 range. This seems like a good profit-taking point, and it appears others are doing the same. In his view, Bitcoin is eager to break upwards. The target remains unchanged—to see $115,000-$118,000 by the end of next week, although it might even happen within a few hours (it already reached this level early this morning). He believes that once Bitcoin peaks around $118,000-$122,000, there will be a temporary cooling-off period and sideways consolidation, and that's when things will get really interesting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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