James Wynn: Optimistic about Bitcoin rebounding to $97,000 to $103,000, then will drop again

"Bankrupt" trader James Wynn posted to confirm that he closed his Bitcoin short position 5 days ago and is optimistic about a rebound, expecting it to rise to the range of $97,000 to $103,000. He anticipates another decline afterward. According to his accompanying image, James Wynn expects Bitcoin to drop as low as $46,618.

Previously, on December 2, James Wynn's address (0x8da) opened a BTC long position with 40x leverage at an average price of $85,400, with a position size of approximately $2.95 million, currently showing a floating profit of $57,000 (77%).

On November 10 and 25, James Wynn made two bearish predictions on platform X, "accurately warning" of Bitcoin's decline; however, the drop was far from reaching his predicted level of $67,000.