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In March it was announced that Bitcoin will be used in some hotels as a method of payment for the stay of guests who will come to Russia to support national teams at 12 different stadiums in Russia. It is certainly the largest sports event in 2018. Millions of people will come to Russia to watch the game. Hotels in Kaliningrad have announced the acceptance of Bitcoin as a payment for their services.
Hotel owners have signed agreements with BTC payment operators to better meet the fans who will visit there. In the coming day, Kaliningrad will be visited by millions of fans. Hotels in the aforementioned city stated that at the beginning they expect guests from Serbia, Croatia, Morocco, Nigeria, England, Switzerland, Belgium and Spain, which means that there will be many potential Bitcoin users who will come to the stadiums to support their teams.
Hotels in Kaliningrad have partnered with a service provider called Free-Kassa. The hotel chain manager, who made the mentioned agreement with Free-Kassa, notes that interest in trading and making payments via cryptocurrencies has been growing over the past two years and wants to meet the demands of supporters of this form of payment.
Prices in hotels, not only in Kaliningrad but also in other Russian cities hosting fans, soared up to tenfold, compared to the original rates. You can not be surprised because Russia has spent USD 12 billion on this event and is now looking for opportunities to recover at least some of this investment.
A hotel chain that has partnered with Free-Kassa to provide visitors with the option of making payments with Bitcoin, hopes that other hotels will follow suit.
It is not promised that during the World Cup the price of Bitcoin will fall, however, due to its current low price, keeping your cryptocurrencies in the wallet is a better solution. There are many indications that long-awaited increases will soon come, so all breeders will be satisfied with their approach. Nevertheless, the fact of accepting Bitcoin during this football holiday is a good step towards its universal adaptation.
Let's now take a look at the Bitcoin technical picture at the H4 time frame. The impulsive bullish scenario has been invalidated. The price has bounced from the level of $6,090 and broke slightly above the local technical resistance at the level of $6,591, but the pull-back is still too small in price and time to be considered as overbalance. The level for overbalance is seen at $6,900 and only when this level of clearly violated, the local low at the level of $6,090 will be considered as a swing low, so the market will rally higher.
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