Bitcoin Price Evolution Analysis 12.20.2021
by CSM TRADER
Nº 485
BTC price U$ 45.920.
USD/BRL price R$ 5.69.
Price EUR/BRL R$ 6.41.
Price Gold 1g R$ 330.54.
Good morning to all readers.
Bitcoin Generation Y and Z.
The millennial generation holds more of their wealth in cryptocurrencies compared to any other class of millionaires and have said they plan to add more crypto investments in the coming year. This indicates a shift from more traditional forms of investment to digital assets as the primary investment vehicle.
The CNBC survey found that Generation Y millionaires are more likely to put more of their wealth into crypto. In fact, about 53% of all millennial millionaires currently hold about 50% of their wealth in cryptocurrencies. These investors were those who had at least $1 million or more in assets to invest, with the exception of primary residences. Of all the Generation Y millionaires, 83% said they actually owned crypto.
The survey results also showed that a significant portion of these investors made money from investing in cryptocurrencies and planned to put more money into crypto by 2022. 48% of respondents said they planned to increase their crypto holdings in the following year, while 39% said they planned to maintain their current holdings.
Shift toward crypto is even more evident in the Generation Z generation, which is forming in an economy where crypto investments are the first point of contact as a new investor.

The Bitcoin price is still in a downtrend below the $47,000 price area and the 100 EMA (H1).
The price of Bitcoin in past sessions has continued its positive moves upwards from the $46,600, $47,500 price area and even tested the $48,461 price area, and failing to follow through with the positive developments has returned with negative corrections downwards from the $48,000, $47,000, $46,000 price area and just now testing the $45,825 price area.
Now at the time of writing the price of Bitcoin is in the $45,900 price area.
The price of Bitcoin would need to return with positive developments upwards from the price areas of $46,500 and $47,000, for the continuity of positive developments to stabilize above $47,220 and move on again to test the $48,500 breakout.
But the situation right now, the Bitcoin price struggles to stay above the U$ 46,000 price area, where the possibilities of the continuities of the negative corrections could go on to test at the last bottom formed in the U$ 45,373 price area, where 3 tests of attempts to break through this price area have already been made.
If the Bitcoin price breaks through the U$45,300 price area the negative corrections will follow below the U$45,000 and U$44,500 price areas, where the possibilities of testing in the U$43,666 price area could arise.
Only above the EMA 5 and 20 in the near term for the Bitcoin price to break out of a risk area of continued negative corrections below U$45,500 and U$45,000; or even consolidate above U$45,060.
Sellers remain in control of the situation and it appears that they want to keep Bitcoin's price below the $45,000 price area.
Buyers will have to defend the U$45,500 price area if sellers are not to follow with the Bitcoin price down below U$45,500 and U$45,000 for the next few sessions.

Major Resistance areas - U$ 46,000, U$ 46,500 and U$ 47,000.
Major Support areas - U$ 45,780, U$ 45,300 and U$ 45,00.

H4 chart :
Bitcoin price is tracking below the EMAs and below the Ichimoku Cloud.
The Bitcoin price needs to come back with its positive developments above the $46,320 price area, and try to conquer the price area above $46,500, for the returns of consolidations and attempts above the $47,000 and $47,220 price area, or even above the 5 and 20 EMA.
But, the Bitcoin price will still have to surpass the Ichimoku Cloud Base Line (red line) that the turns of positive developments are validated and continue above it, for the continuities of positive developments above U$ 48,000.
On the other hand, the price of Bitcoin is not managing to come back with positive evolutions above $46,220, which may continue with negative corrections below $45,500.
Follow the buyers in their attempts to keep the Bitcoin price above the Lower BB Line, or even above $45,740, as below this the sellers will gain more strength and continue with the downside below $45,500 and $45,000.
The chart in H4 will follow the whole week to have a parameter of the Bitcoin Price Evolution. Only some adjustments will be made.
Resistances: U$ 45,277 // U$ 46,871 // U$ 46,362 // U$ 47,865.
Supports: U$ 45.888 // U$ 45.363 // U$ 44.769 // U$ 44.277.
https://www.tradingview.com/x/XP6uyTcG/

H1 chart :
Bitcoin price is tracking below the EMAs and below the Ichimoku Cloud. Bitcoin price needs to be able to advance above EMA 5 and stabilize above it, for the necessary consolidations, and for the possible continuations of positive advances to above U$ 46,320 and U$ 46,500, which would take Bitcoin price above EMA 20.
If the Bitcoin price fails on these positive advances above EMA 5 in the short term, the negative corrections will follow below U$45,720 and U$45,500, where the possibilities of the breakout of U$45,300 will happen and still follow below U$45,000.
Only above the EMA 5 in the short term, for the Bitcoin price to get out of a risk area of the continuities of the negative corrections to below the U$ 45,500 and U$ 45,000, or even a good consolidation above the U$ 45,000.
Follow the buyers in attempts to bar the sellers above U$ 45,880 and follow for the attempts of the positive advances upwards of EMA 5, which will be of extreme importance for the next sessions.
Resistances: U$ 46.144 // U$ 46.508 // U$ 46.906 // U$ 47.279.
Supports: U$ 45,805 // U$ 45,501 // U$ 45,170 // U$ 44,877.
https://www.tradingview.com/x/eaRsMrbG/

Dominance: 41.18 %.
" Strive not to be a success, but to be valuable. " ---- Albert Einstein

Continue to follow My Analysis also on Tradingview:
https://br.tradingview.com/chart/BTCUSDTPERP/xnC9h9HA/

Make your free card with Bitcoin cashback, on spending from R$10. Without the need for partners.
By registering with the link you will earn more BTC on your purchases.
https://www.soualter.com.br/abra-sua-conta?c=CHRISTIAN14
Follow My Analysis on Twitter: https://twitter.com/CSM_Trader
Follow My Review on Flipboard: https://flipboard.com/@CSMTRADER007
Follow My Review on publish0x: https://www.publish0x.com?a=nXe0RKLGbx
Mine by playing: https://rollercoin.com/?r=ku32dbof
Nº 485