Block Facilitates Bitcoin Transactions for Four Million Retailers

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 29 2025

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New Feature for Merchants: Block has introduced a feature allowing over four million Square merchants to accept Bitcoin payments and convert between Bitcoin and fiat currencies with zero fees until 2027, enhancing Bitcoin's utility in commerce.
Jack Dorsey's Leadership: Co-founder Jack Dorsey is spearheading this initiative to integrate Bitcoin into everyday transactions, aiming to make Bitcoin payments as seamless as traditional card payments.
Impact on Small Businesses: The integration focuses on providing small businesses with access to financial management tools and aims to increase Bitcoin's role as a real-world currency, despite some regulatory limitations in certain regions.
Future Prospects: This move builds on previous initiatives by Block, such as Bitcoin trading on Cash App, and signals a commitment to raising the profile of cryptocurrencies in everyday commerce, although community responses remain largely within tech circles.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 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 crypto.

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	66143.619	70216.61	73902.149	77975.14	81660.679	85733.67	89419.209
Fibonacci	70216.61	73180.368	75011.381	77975.14	80938.898	82769.911	85733.67

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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