Wynn expects short-term dip to $102.9K before Bitcoin rebounds to new highs
Prominent crypto whale James Wynn announced via X (formerly Twitter) that he has significantly increased his long position in Bitcoin (BTC), expressing strong confidence in a near-term breakout to $112,000–$116,000, potentially within the next 24 to 48 hours.
Key Highlights:
BTC long positions added by whale James Wynn
Expects a brief dip to ~$102,900 to form a “needle bottom”
Predicts a sharp rebound to $112K–$116K within 1–2 days
Strategy aims to flush out leverage and optimize re-entry levels
Market Commentary From Wynn
“I personally expect the market to quickly drop to around $102,900 to clear out leveraged positions and form a local bottom,” Wynn wrote.
“That dip would give me a great opportunity to add more before we see a breakout to $112,000–$116,000, likely as soon as today or tomorrow.”
Wynn’s tactical call comes as Bitcoin trades near $104,000, amid strong ETF inflows, stable volatility, and a bullish macro backdrop following the U.S.–China trade deal and anticipation of a soft CPI report.
