BTC’s price shows strength as it bounces from a downtrend range price rallied to a high of $20,500 with eyes set on $22,000.  BTC could rally more as the price creates more bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying higher. BTC’s price remains strong on the daily timeframe abo the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Bitcoin (BTC) in the past few days has been impeccably high, with the price rallying from a low of $18,800 to a high of $21,500, forming a more bullish bias with eyes set for more rallies ahead of its monthly close. The crypto market is looking increasingly welcoming as many altcoins continue producing over 50% gains. The likes of DOGE have seen some great runs recently, rallying from a low of $0.055 to a high of $0.15, with many others as Bitcoin (BTC) continues to lead the charge for more price recoveries. (Data from Binance) Related Reading: Why Bitcoin Will Crush Opposition At $21,000, Green November In The Making Bitcoin (BTC) Price Analysis On The Weekly Chart. Bitcoin (BTC) has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of BTC has enjoyed a measure of relief after showing so much strength on the weekly low, rallying from a low of $18,800 to a high of $20,500 as the price of BTC formed support above this region for more rallies. Past weeks have been nothing short of a boring and difficult moment for BTC and the whole of the crypto industry as the price of BTC continued its range between $18,800 to $19,200 before showing strength to rally past this region, acting as a block for price rallies.  After its weekly close of above $20,500, BTC’s price looked stronger as the price of BTC geared up for more upside price moves.; the price has faced a minor rejection to break higher to a region of $21,000. Weekly resistance for the price of BTC – $21,200. Weekly support for the price of BTC – $20,500-$19,800. Price Analysis Of BTC On The Daily (1D) Chart In the daily timeframe, the price of BTC continued to look strong as the price broke out of its descending triangle, with good volume rallying to a high of $20,800 as BTC price formed a good support around $20,500. Still, the price of BTC faces a little rejection; flipping $21,200 into support would lead to more upside to a region of $22,000 for BTC.  The price of BTC is struggling to break and close above $21,200, which corresponds to the 32.8% Fibonacci retracement value (Fib Value); if the price breaks and closes, we could see the price rally to $22,500 at 61.8% Fib value. Daily resistance for the APE price – $5-$6. Daily support for the APE price – $4.5. 32.8% Fib Value – $21,200 61.8% Fib Value – $22,500 Related Reading: TOP 5 Cryptos To Watch This Week – BNB, BTC, ETH, LINK, SOL Featured Image From zipmex, Charts From Tradingview

A poll carried out by deVere Group has found that nearly half of all Baby Boomers and Generation X own crypto or will buy it before the end of 2022. Even amidst the backdrop of failing fiat currencies, stocks, and bonds etc., leading to a possible economic meltdown, a survey of 700 clients of deVere Group from across the globe found that 48% of them said they either owned crypto, or they were thinking of purchasing it before the end of this year. Those who were included in the survey were born between 1965 and 1980. They came from North America, the UK, Asia, Africa, the Middle East, Australasia and Latin America. Nigel Green, founder and CEO of the deVere Group, said of the findings: “The survey confirms that older generations are increasingly recognizing the massive potential of cryptocurrencies.” This is perhaps surprising, given that cryptocurrencies are a relatively new development. Bitcoin, the first of the cryptocurrencies, has only been going a short 13 years. It might be expected that the majority of holders and those who purchase crypto would come from the more recent generations, given that they have grown up during the digital era. Green added: “Baby boomers and Gen X too are becoming ever more aware of the intrinsic value of digital, global, borderless, tamper-proof and unconfiscatable currencies in an increasingly tech-driven and uncertain world.” “Like the growing number of institutional investors – including pension funds, mutual funds, investment banks, commercial trusts and hedge funds – these older generations are starting to acknowledge that crypto is the future of finance and they don’t want to miss out.” Green stated his view that Boomers and Gen x are looking at crypto for the longer term, and they also saw cryptocurrency as a “wider retirement planning strategy”. He believes that this is because Bitcoin is the “best-performing asset of the decade”, and given its scarcity, it should continue to appreciate over the longer term. Green does end with a note of caution though. He says to beware of the “volatility” that is present in crypto. With this in mind he recommends that those wishing to put crypto into their retirement plans should not over-commit, and they should seek professional advice. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.