Crypto trader James Wynn predicts Bitcoin to hit an all-time high of $118,000 by the end of next week, citing bullish indicators on the charts.
Despite Bitcoin's price currently hovering between $102,000 and $106,000, Wynn expects the price to continue rising after showing strength above $100,000.
Wynn notes that market makers might have pushed the price down over the weekend to liquidate late long positions, but with many already liquidated, there's less pressure to keep it down.
The trader, known for successful trades on Hyperliquid, suggests that Bitcoin's recent bullish momentum and positive chart indicators indicate a potential run-up towards new highs in the coming weeks.