"The Big One" Bitcoin ($BTC) Head and Shoulders - 1 Day Chart

By now everyone would have noticed the huge, ominous Head and Shoulders pattern on the chart.
If Bitcoin follows the pattern set on the chart, depending on how long BTC continues to move sideways could we continue to see downward movement to, $USD 28,000, 22,000 or even 16,000 and lower?
...or have we hit bottom and about to see $BTC move sideways, transitioning out of this temporary bearish trend with continuation back into a bull run?