Walmart Accepts Bitcoin Payments via OnePay, Reaching 150 Million Users
- Retail Payment Innovation: Walmart's announcement to accept Bitcoin and crypto payments via its OnePay banking app marks a significant advancement in retail payments, potentially attracting over 150 million customers weekly.
- Enhanced User Experience: The OnePay app integrates mobile banking, debit rewards, and a digital wallet, enabling users to convert crypto to fiat at checkout, thereby enhancing payment flexibility and convenience for customers.
- Increased Market Competition: This move positions Walmart as a direct competitor to major apps like PayPal and Venmo, further driving mainstream acceptance of cryptocurrencies in the retail sector.
- Market Optimism: Coinciding with Walmart's crypto payment announcement, Bitcoin's price surged back to $93,000 on January 5, reflecting growing confidence in the crypto market and likely encouraging more retailers to follow suit.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 35997.598 | 47998.799 | 60267.618 | 72268.819 | 84537.638 | 96538.839 | 108807.658 |
| Fibonacci | 47998.799 | 57269.947 | 62997.671 | 72268.819 | 81539.967 | 87267.691 | 96538.839 |
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