Hello people, I want to make another update about Bitcoin's future. All the analysts here, including me are waiting for the right shoulder's formation but we are not getting any good news from the internet. Bitmain is one of the biggest mining giants in the world is running out of money to continue its operations across mining and blockchain development. They downsized their workforce by laying off 50% of their employees and are planning to sell 84 million Bitcoins
including other crypto assets. You guys can get more info regarding this from Google
. So this should be a pretty serious red alert for the market right now. If they sell it, we all can expect another bear run until $2500-$3000 but don't worry every other day more and more people want to buy Bitcoin
. So I updated my chart with with 3rd possible scenario which will take Bitcoin
to another lower bottom. I don't want to scare anyone but this might be the actual head's formation and not right shoulder's formation. The wise choice would the patience to wait and see what is going to happen next. We will have more clear view in 2-3 days. Good Luck!