James Wynn: Bitcoin Reversal Underway, $115,000 in Sight by Friday
Bitcoin may be gearing up for another leg higher, according to top crypto traders weighing in on recent price action.
James Wynn, a high-leverage trader known for his bullish BTC positions, posted a new chart on X, declaring that “Bitcoin [is] breaking local downtrend.”
“The reversal has begun,” Wynn stated, signaling renewed confidence in the short-term bull case.
$115K BTC Target Gains Traction
Adding fuel to the bullish sentiment, prominent trader AltcoinGordon responded with a bold forecast: $115,000 Bitcoin by the end of the week.
If realized, that would mark a new all-time high for BTC, surpassing the recent peak of nearly $112,000 reached on May 22.
James Wynn agreed with the target, replying to the prediction with: “Shorts rekt yes agreed.” The phrase implies that short sellers could face rapid liquidation if Bitcoin surges past key resistance zones in the days ahead.
Momentum Building Post-Downtrend Break
The current price structure aligns with renewed bullish momentum following Bitcoin’s escape from a short-term descending trendline. Traders are watching closely to see if this breakout sustains and leads to a continuation toward new highs.
With strong technical signals and influential voices reinforcing the bull case, Bitcoin could be on the verge of another breakout week—if the forecasted move materializes.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
