BlockBeats News, May 23rd. Whale James Wynn announced this morning on social media that he has reduced his Bitcoin long position, taking partial profits around $110,000-$111,000.
This level seems to be a good profit-taking point, and it appears that others are doing the same. In his view, Bitcoin is eager to break through to the upside. The target remains unchanged—to see $115,000-$118,000 by the end of next week, but it could even be achieved in a matter of hours.
He believes that once Bitcoin peaks around $118,000-$122,000, there will be a temporary cooling-off period and sideways consolidation, with the real excitement yet to come.
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