14.11.201808:20 Forex Analysis & Reviews: Bitcoin analysis for 14/11/2018

According to SpendBitcoins USA - a catalog of retailers who accept Bitcoin as payment - at least two other American museums already accept the cryptocurrency from visitors - the Coastal Museum in Texas and the History Museum of St. Petersburg, Florida.

Ohio's approval of Bitcoin appears two weeks before the upcoming inaugural conference Blockland Solutions Conference, which will take place in early December. Museum director and general director Kirsten Ellenbogen says in a statement that: "Accepting Bitcoins is only a small part of the activity to develop the Blockchain ecosystem in Cleveland".

The Great Lakes Science Center will apparently use the BitPay payment processor to handle visitors' transactions. Ellenbogen explained the decision to accept Bitcoin in terms of institution involvement in state-of-the-art innovations in the fields of science, technology, engineering and mathematics: "Last year, we launched our mobile application that uses augmented and virtual reality to enable guests to experiment with flames in space and test the design of spacecraft re-entering the Earth's atmosphere. They will now be able to use their phone to pay for their reception with Bitcoin" - said Ellenbogen.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market has made a new local low at the level of $6,192, but the low is still inside the horizontal price range. It is worth to notice, that the move down is below the golden trend line dynamic resistance and the bulls are too weak to rally higher. So far, the nearest technical support is seen at the level of $6,232 and the nearest resistance is seen at the level of $6,274. In a case of a further sell-off, the next technical support is seen at the level of $6,172.