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The Future of the Nursing Home Economy

The coronavirus pandemic has highlighted the necessity of quality nursing home care for senior citizens. While 25% of US coronavirus deaths occurred in nursing homes, the quality of the institution caused results to vary dramatically. As of September 2020, 4-5 star nursing homes had 94% lower risk of infection than their 1 star peers. When the pandemic ends, those disparities will remain. As the population of America ages, nursing homes will house more people than ever in the coming years. Despite ever-growing future demand, nursing homes remain unpopular among Americans of all ages. Only 19% of Americans think nursing homes

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The coronavirus pandemic has highlighted the necessity of quality nursing home care for senior citizens. While 25% of US coronavirus deaths occurred in nursing homes, the quality of the institution caused results to vary dramatically. As of September 2020, 4-5 star nursing homes had 94% lower risk of infection than their 1 star peers. When the pandemic ends, those disparities will remain. As the population of America ages, nursing homes will house more people than ever in the coming years.

Despite ever-growing future demand, nursing homes remain unpopular among Americans of all ages. Only 19% of Americans think nursing homes make seniors better off. Seniors don’t move into nursing homes because they want to, but because they can no longer care for themselves and lack the resources to pursue other options. Average nursing home residents need 4 hours of personalized nursing care each day due to diseases like Alzheimer’s or arthritis. Care like that is hard to receive anywhere else.

Unfortunately, meeting senior’s medical needs currently comes at the cost of social isolation. Moving away from friends and routines causes depression in 40% of seniors, a statistic tied to worse health outcomes in a bitter feedback loop. Even before COVID-19, 55% said they didn’t see enough of their families, a sad reality that can generate a sense of abandonment.

Nursing homes need to adapt. They must seek out ways to either increase social outcomes for residents or give seniors the tools they need to live independently. Thankfully, advances in medical technology are improving the quality of nursing home care across the board. Some innovations can even help seniors regain their independence and return home. Current tech includes Solo-Step, a rehabilitation harness that prevents fall-related injuries and lets users move about more freely, and Aiva voice assistant, which gives seniors an easier way to communicate with other residents, family members, and caregivers from a distance. Coming in the future are things like The Kidney Project, an artificial kidney that would remove the need for dialysis. These products give aging people a chance at a brighter future.

the future of nursing homes (infographic)

Source: https://themerkle.com/future-of-the-nursing-homes/

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Bitcoin Price Prediction: BTC freefall to $42,000 beckons amid extremely drained bullish front

Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000. Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop. The IOMAP model reveals immense resistance ahead of BTC and robust support, hinting at a potential consolidation. Bitcoin continues to explore price levels under $50,000 following a recent rejection at $52,000. Initially,

The post Bitcoin Price Prediction: BTC freefall to $42,000 beckons amid extremely drained bullish front appeared first on Coingape.

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  • Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000.
  • Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop.
  • The IOMAP model reveals immense resistance ahead of BTC and robust support, hinting at a potential consolidation.

Bitcoin continues to explore price levels under $50,000 following a recent rejection at $52,000. Initially, traders anticipated support at the 100 Simple Moving Average (SMA) and the 50 SMA on the 4-hour chart, but the gravitational force seems extremely hard to stop.

Meanwhile, the bellwether cryptocurrency is trading slightly above $47,000. Short-term technical analysis shows that the least resistance path is downwards. This is emphasized by the Moving Average Convergence Divergence (MACD) on the same 4-hour chart.

The trend momentum indicator has also flipped bearish following the MACD line (blue) cross under the signal line. Additionally, the technical indicator is falling toward the midline and may extend the action into the negative region.

Bitcoin is expected to secure support at the 200 SMA to halt the losses. However, if push comes to shove, BTC will extend the bearish leg to $42,000 due to the lack of a robust support area.

BTC/USD 4-hour chart

BTC/USD price chart
BTC/USD price chart by Tradingview

The In/Out of the Money Around Price (IOMAP) model by IntoThepBlock bolsters the massive resistance ahead of the flagship cryptocurrency. Recovery from the current price levels to $50,000 will not come easy, especially with the selling pressure between $48,450 and $49,816. Here, nearly 1.1 million addresses had bought 504,000 BTC.

BTC IOMAP model
Bitocin IOMAP model by ITB

On the flip side, the same on-chain model reveals that Bitcoin’s downside is also strongly supported, which means that losses as far as $42,000 may not come into the picture. Consolidation may take place owing to the support running from $45,660 and $47,026. Here, approximately 739,000 had purchased 445,000 BTC.

The post Bitcoin Price Prediction: BTC freefall to $42,000 beckons amid extremely drained bullish front appeared first on Coingape.

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Source: https://coingape.com/82773-2/

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