Renowned trader James Wynn recently shared some views on Bitcoin's price movement. He pointed out that since traditional assets such as stocks, real estate, and precious metals are currently at all-time highs, funds in these sectors may seek new investment outlets, and Bitcoin is very likely to become one of the main targets. Based on this logic, he even speculated that BTC could double within 60 days, surging to around $175,000 — considering that Bitcoin recently dropped 35% from $120,000, such a rebound is not entirely impossible from a technical perspective.

However, Wynn later adjusted his forecast and provided a relatively conservative expectation: Bitcoin will at least retest the 50-week moving average, which could require an increase of more than 10%. Notably, this well-known BTC trader recently reopened a 40x long position on BTC, using practical action to validate his judgment. In any case, the shift in market sentiment and changes in capital flow are indeed worth close attention from investors.