26.01.201810:31 Forex Analysis & Reviews: Bitcoin analysis for 26/01/2018

Long-term review

Brisbane Airport (BNE) in Australia will soon become the first cryptocurrency terminal, according to local media reports. The airport cooperates with local and international companies to make the entire airport friendly to customers with cryptocurrencies, along with shops, cafes and restaurants accepting Bitcoin, Ethereum and Dash. The transition to digital currencies makes sense because the number of cryptographic investors is growing. According to Roel Hellemons, Director General for Strategic Planning and Development: "Many people around the world are making investments in cryptocurrencies, and many of them travel around the world, so it is worth offering new currency opportunities at our terminals."

The airport will cooperate with TravelbyBit, a cryptocurrency payment system, to enable travelers also to buy cryptocurrencies. This move emphasizes Australia's growing heat towards cryptocurrencies and digital payment methods, despite the negative prospects from other countries. Thanks to the recent ban in China and the threats from South Korea, the openness of Australian policy will come as a welcome change for cryptographic investors.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market was unable to break out above the weekly pivot at the level of $11,440 and now the price is dropping towards the local support at the level of $9,196. It all depends on how the market will react to this level, will it drop lower or try to bounce. In a case of a drop below, the next target is seen at the level of $8,783.

Exchange Rates 26.01.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Sebastian Seliga,
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