Whale James Wynn Takes Profits at $110,000, Eyes $115,000-$118,000 Bitcoin Target

Whale James Wynn announced on social media that he has reduced his Bitcoin long position, taking some profits around $110,000-$111,000. This price level seems to be a good profit-taking point, and it appears that others are doing the same. In his view, Bitcoin is eager to break out to the upside. The target remains unchanged—to see $115,000-$118,000 by the end of next week, but it might even be achieved in a few hours. He believes that once Bitcoin hits a peak around $118,000-$122,000, there will be a temporary cooling-off period and consolidation, with the real excitement to follow.