Bitcoin Developer Addresses Quantum Computing Concerns
- Response to Quantum Threats: Bitcoin developer Adam Back addressed concerns raised by Nic Carter regarding a potential quantum computing milestone in 2029, emphasizing that software protection evolves alongside hardware advancements, and current quantum systems do not pose a threat to Bitcoin's cryptographic security.
- Technical Capability Limitations: Back noted that existing quantum computers are still in early development stages and cannot perform large-scale cryptographic attacks outside controlled laboratory conditions, with experts suggesting that achieving such capabilities would require millions of stable logical qubits and full error correction.
- Post-Quantum Cryptography Progress: Research into post-quantum cryptography within the Bitcoin ecosystem is ongoing, with developers testing upgrade paths that could introduce quantum-resistant address types, ensuring users can transfer funds through network upgrades if necessary.
- Protocol Change Flexibility: The structure of Bitcoin allows for protocol changes through coordinated upgrades, with developers indicating that quantum-resistant features could be introduced without immediate disruption to the network, addressing potential future security threats.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) 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 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 | 62565.395 | 66535.638 | 70392.515 | 74362.758 | 78219.635 | 82189.878 | 86046.755 |
| Fibonacci | 66535.638 | 69525.598 | 71372.798 | 74362.758 | 77352.718 | 79199.918 | 82189.878 |
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