Australia Makes Buying Bitcoin Easy
Earlier this month, Australian cryptocurrency exchange Bitcoin.com.au began selling bitcoin and ethereum at over 1,200 newsstands around the country. The company, which began operations 18 months ago and partnered with payments provider Blueshyft to provide the new service, bills itself as “one of the first independent Bitcoin exchange networks in Australia.”
The announcement comes at a time of increased mainstream recognition for cryptocurrency. Rupert Hackett, CEO of Bitcoin.com.au, touted the move as another example of increased institutional acceptance for bitcoin, marveling at “the fact that you can now buy bitcoin and ethereum from the same place you purchase soft drinks and stationary.”
Hackett sees the new sales model as a perfect fit for novice investors, simplifying a process that can seem intimidating and abstract to laypeople. With cryptocurrency being sold at newsstands across the continent, it moves from the cyber unknown into a familiar, comfortable environment. “When your product is totally digital it can be hard to gain trust from consumers because there’s no tangible product being handed over,” he told Australian financial publication 9Finance. “Using newsagents provides consumers with a convenient and trusted way for investors to buy cryptocurrency.” Selling ether holds further introductory potential for new investors, with its lower price point making for a “more digestible value proposition for buyers.”
Customers need a crypto wallet to begin; once they have created a wallet and registered with the service using their email and mobile phone number, they scan the wallet’s corresponding QR code on an iPad Mini at the newsstand. Customers are then charged a 5 percent transaction fee. There is a minimum purchase of 50 AUD (roughly $39 USD) for bitcoin and ethereum, and customers can expect to receive their cryptocurrency within 20 minutes of purchase.
Australia has a strong track record of early adoption with cryptocurrencies and blockchain technology in traditional spaces. The Australian Securities Exchange announced in December 2017 that they would begin utilizing blockchain to process equity transactions, while Brisbane National Airport announced an initiative to accept bitcoin, ethereum, and dash payments for consumer transactions in their airport terminals – the first airport in the world to do so.
While the impact of over-the-counter cryptocurrency sales remains to be seen, the approach potentially stands to benefit investors and business owners alike, providing new sources of income for newsstand operators and adding increased levels of accessibility and transparency for newcomers to cryptocurrency.
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BTC.X's Indicator enters downward trend
The Aroon Indicator for BTC.X entered a downward trend on June 12, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 152 similar instances where the Aroon Indicator formed such a pattern. In of the 152 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BTC.X moved out of overbought territory on May 23, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 54 similar instances where the indicator moved out of overbought territory. In of the 54 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on June 17, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In of 140 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on June 12, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 61 similar instances when the indicator turned negative. In of the 61 cases the stock turned lower in the days that followed. This puts the odds of success at .
BTC.X moved below its 50-day moving average on June 20, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on June 09, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 50-day moving average for BTC.X moved above the 200-day moving average on May 22, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 436 cases, the price rose further within the following month. The odds of a continued upward trend are .
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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