BlockBeats news, on May 23, whale James Wynn expressed on social media that he has reduced his long position in Bitcoin and took some profits around the $110,000-$111,000 range.
This position seems like a good profit point, and it appears others are doing the same. He believes Bitcoin is eager to break upwards. The target remains unchanged - to see $115,000-$118,000 before the end of next week, though it could even happen within a few hours.
He believes that once Bitcoin peaks around $118,000-$122,000, there will temporarily be a cooling period and consolidation, and then the real interesting times will come.
