In a significant development within the cryptocurrency landscape, notable investor James Wynn has publicly disclosed a strategic adjustment to his Bitcoin holdings. Early this morning, he revealed via social media that he has trimmed his long position, securing partial profits in the range of $110,000 to $111,000. This price segment has emerged as a pivotal point for profit realization, indicative of broader market trends where many traders appear to be following suit.
Wynn remains optimistic about Bitcoin’s potential, maintaining that the cryptocurrency is poised for an upward breakout. His projections suggest a target of $115,000 to $118,000 by next week, potentially achievable in a matter of days. However, he cautions that following this peak, expected around $118,000 to $122,000, the market may experience a period of consolidation and cooling-off, marking the potential for further volatility.