James Wynn, a trader famous for his successful trading of memcoin futures, is recklessly counting on Bitcoin’s price falling to $77,000.
If BTC falls to $77,000, its price will only be down 32%. This has happened frequently during previous cycles. A rally has just concluded, during which Bitcoin increased in price by 650%.
In my opinion, this would be a very healthy correction, we would get rid of over-leveraged longs, and the Fear and Greed indicator would end up in the horror zone, James wrote.
Winn’s published chart shows that he somehow measures the cryptocurrency’s 32% decline from $113,710, rather than from its all-time high of $126,272. If we use the all-time high as a starting point, then a 32% decline would only result in the BTC price falling to $84,181.
BTC price chart by James
However, most of the gambling members of the crypto community who place bets on the platform polymarket, hold a different view and predict a continuation of the upward trend in the Bitcoin market. The probability that the coin’s price will rise to $130,000 in 2025 is estimated at 52%, while the chance of the asset’s price falling to $70,000 is only 6%.
The probability of Bitcoin price reaching different levels