Market review, July 15, 2019

6
2019-07-15 14:01:08

The network of independent retailers, IGA, which includes 1,400 stores located throughout Australia, began to accept payments in Bitcoin and other cryptocurrencies.

According to Nugget, Caleb Yeoh, a co-founder of TravelbyBit, began working with IGA Supermarkets Australia to equip each supermarket with TravelbyBit POS terminals that support payments in BTC, ETH, LTC, and BNB. Yeo noted:

Regardless of whether I buy eggs, milk, fruit or vegetables, I now have the opportunity to pay for my cryptocurrency products. The same goes for any other cryptocurrency owners shopping at IGA. ”

TravelbyBit serves the travel and tourism industry and its mission is to facilitate travel bookings using BTC and other cryptocurrencies. The company also developed POS terminals for merchants who want to accept cryptocurrency. Last autumn, Binance invested $2.5 million in TravelbyBit to integrate the blockchain-based payment POS system into the world’s largest airports.

More and more companies around the world are starting to accept payments in cryptocurrencies. In early July, the leading restaurant chain in Singapore began accepting BTC, ETH, and CMB. In May, several large US chain stores, including Amazon’s Whole Foods food chain, announced the imminent availability of payment for goods with cryptocurrencies.

Technical analysis of Bitcoin (BTC):

Over the past weekend, bitcoin grew to the mark of $12,820, and then it fell to the support level of $9,920. This movement completely coincided with our last forecast. Now, the price of bitcoin is $10,250. More than likely, bitcoin will bounce a bit to the resistance level of $10,850. Then, we wait for the negative movement to the support level of $9,920. The nearest resistance levels are $10,360, $10,850. The nearest support levels are $9,920, $9,000.

Technical analysis of Ethereum (ETH):

Over the past weekend, ethereum dropped to the support level of $203. This movement completely coincided with our last forecast. After such a drop, we can observe a technical rebound upwards. Now, the price of ethereum is $225. In our opinion, ethereum can grow to the resistance level of $264. The nearest resistance levels are $232, $264. The nearest support levels are $203, $180.

Technical analysis of Ripple (XRP):

Over the past weekend, ripple fell to the support level of $0.2960. This downward movement turned out to be deeper than we expected on Friday. In our opinion, ripple will go for a technical rebound upwards, up to the resistance level of $0.3480. The nearest resistance levels are $0.3150, $0.3480. The nearest support levels are $0.2960, $0.29.

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
Something went wrong
Message: