AI Assistant Aids in Bitcoin Wallet Recovery, Not Cracking
- Misleading Claims Clarified: The assertion that Anthropic's Claude cracked a Bitcoin wallet is inaccurate, as the AI merely assisted the user in locating a wallet backup file on an old computer without breaching any encryption or security measures.
- Recovery Process Explained: After spending 8 weeks attempting to brute-force the password on a current Blockchain.com wallet and testing approximately 3.5 trillion combinations, the user successfully regained access to 5 BTC by finding a backup file from December 2019 with Claude's help.
- Practical AI Application: This incident highlights the potential use of AI in the cryptocurrency space, as it can assist non-technical users in sorting through old devices and backup files, thereby lowering the technical barriers to recovering lost wallets.
- Lessons for Bitcoin Holders: Users should prioritize the careful storage of wallet backups, recovery phrases, and passwords to avoid losing valuable information in old devices, especially as Bitcoin prices rise, ensuring effective asset management.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0056 | 0.014 | 0.0203 | 0.0287 | 0.035 | 0.0434 | 0.0497 |
| Fibonacci | 0.014 | 0.0197 | 0.0231 | 0.0287 | 0.0344 | 0.0378 | 0.0434 |
About AI
About the author
