Bitcoin Price Outlook: James Wynn Sees BTC Rebound to $97K-$103K, Then Potential Drop to $46,618

COINOTAG News, December 4, notes that trader James Wynn disclosed in a post that he closed a Bitcoin short five days earlier and has turned bullish on a rebound, targeting the BTC move into the $97,000–$103,000 zone before a potential retracement. Based on his chart, Wynn also outlines a downside path toward roughly $46,618 if selling pressure reasserts.

In a December 2 update, Wynn’s address 0x8da opened a 40x leveraged BTC long at an average entry of $85,400, with a position size near $2.95 million and an unrealized gain of about $57,000 (roughly 77%). The posture underscores the risk-reward dynamics of high-leverage bets in crypto.

Earlier in November, Wynn issued two bearish calls on X forecasting a Bitcoin downturn; while the asset did move lower, the price did not reach his stated target of $67,000.