Bitcoin Faces Quantum Attack Risks Amid Community Split
- Quantum Attack Risk: Bitcoin's network is at risk of quantum attacks, with approximately 6.7 million BTC potentially vulnerable due to being held in early, less secure addresses, which could undermine market trust and value if not addressed.
- BIP-361 Proposal Controversy: The BIP-361 proposal has sparked community division, as supporters advocate for freezing legacy wallets to protect Bitcoin's value, while opponents argue it undermines the core decentralized ethos of Bitcoin, leading to a potential trust crisis.
- Proposal Implementation Phases: Currently in draft form, the proposal's first phase will freeze new transactions to quantum-vulnerable addresses, likely shifting the network towards quantum-safe address types, with a second phase possibly allowing a five-year grace period for adaptation.
- Future Development Directions: Although quantum computing is not yet widespread, the proposal underscores the need for Bitcoin to adapt to future technological challenges, potentially introducing quantum-safe ownership proof methods to ensure long-term survival and market stability.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS). As of , SATS (Ordinals) (SATS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SATS 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, SATS 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 $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00000000783 | 0.00000000137 | 0.00000000741 | 0.0000000166 | 0.0000000227 | 0.0000000318 | 0.0000000379 |
| Fibonacci | 0.00000000137 | 0.00000000719 | 0.0000000108 | 0.0000000166 | 0.0000000224 | 0.000000026 | 0.0000000318 |
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