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.
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