James Wynn predicts again: Bitcoin should rebound by at least 10%.
TL;DR
James Wynn predicts Bitcoin could double to $175,000 in 60 days due to fund shifts, but later revises to at least a 10% rebound to retest the 50-week moving average, after leveraging long on BTC.
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According to ChainCatcher, well-known "bankrupt whale" James Wynn made another "extreme prediction" this morning, saying that "Bitcoin may double in 60 days to about $175,000, as funds may shift from stocks, real estate and precious metals (all at all-time highs) to BTC, which has fallen 35% from $120,000."
However, he later softened his prediction, saying that Bitcoin "will at least retest the 50-week moving average, which means a gain of more than 10%."
According to previous reports, on the 23rd, well-known "bankrupt whale" James Wynn once again long on BTC at 40x leverage.