A trader known for accurately predicting Bitcoin’s market movements suggests that the cryptocurrency’s bull trend line is breaking, indicating a possible correction. Pseudonymous analyst Dave the Wave, who has a significant following on X, believes that BTC could drop to around $50,000, which is the 0.38 Fibonacci level. He emphasizes the need for confirmation of a trend reversal by closely watching the monthly chart. Despite the slight decrease in Bitcoin’s current monthly candle, Dave the Wave remains confident in his prediction that Bitcoin will reach a market top of over $300,000 by the end of 2025, based on his logarithmic growth channel curve. As of now, Bitcoin is trading at $62,249, experiencing a 3% decrease for the day. Investors are advised to conduct thorough research and exercise caution when investing in cryptocurrencies.