Bitcoin Must Prepare for Quantum Risks Now
- Quantum Risk Warning: Stanford cryptographer Dan Boneh emphasizes that while quantum attacks are not imminent, a rushed post-quantum migration for Bitcoin could lead to more severe bugs than an actual quantum attack, highlighting the importance of this long-term engineering challenge.
- Migration Plan Controversy: Boneh expresses concerns over BIP 361's proposed post-quantum migration plan, arguing that it requires more comprehensive design work and additional time to prevent catastrophic errors from occurring within a compressed migration window.
- Quantum Computer Outlook: Boneh suggests that while the likelihood of a cryptographically relevant quantum computer emerging before 2035 is low under current funding levels, achieving this goal within a decade is not impossible if the field is treated as a national priority.
- Hybrid Signature Proposal: Boneh advocates for Bitcoin to consider hybrid signatures that combine existing elliptic curve cryptography with post-quantum schemes, rather than enforcing a binary transition, thereby allowing more room for future cryptographic innovations.
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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 4 technical signals, shows that 1 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 | 69600.291 | 71944.945 | 74538.461 | 76883.115 | 79476.631 | 81821.285 | 84414.801 |
| Fibonacci | 71944.945 | 73831.326 | 74996.734 | 76883.115 | 78769.496 | 79934.904 | 81821.285 |
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