Adam Back Calls Out Bitcoiner VC for Overlooking Quantum Risks
Concerns Over Quantum Computing: The cryptocurrency community is debating the potential threat of quantum computing to Bitcoin's security, with some leaders advocating for caution while others believe the industry is quietly advancing in quantum resilience.
Industry Leaders' Disagreement: Blockstream CEO Adam Back criticized Nic Carter for raising alarms about quantum risks, accusing him of causing unnecessary market volatility, while Carter argues that the community is aware and actively addressing these threats.
Urgency for Quantum-Resistant Protocols: Experts warn that quantum threats could emerge within two to nine years, highlighting the need for the adoption of quantum-resistant cryptography to protect Bitcoin.
Diverse Perspectives on Quantum Threats: While some, like Charles Edwards, stress the urgency of addressing quantum risks, others, including Kevin O’Leary, suggest that quantum computing may have more relevant applications outside of cryptocurrency, indicating a divide in the community's focus on this issue.
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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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