Rising Physical Attacks on Cryptocurrency Holders, Particularly in Europe and Asia
- Increasing Attack Frequency: Haseeb Qureshi's analysis reveals a steady rise in reported 'wrench attacks' on cryptocurrency holders, particularly in Western Europe and the Asia-Pacific region, indicating a growing threat of violence that correlates with the increasing market capitalization of cryptocurrencies.
- Escalation of Attack Nature: Data tracked by Jameson Lopp shows that the severity of attacks has significantly intensified in recent years, with the average incident escalating from minor assaults to fatal outcomes, reflecting an increasing risk landscape in the cryptocurrency market.
- Market-Driven Factors: Approximately 45% of the variation in attack frequency can be explained by the cryptocurrency market cap, suggesting that higher prices attract more criminal activity, although when normalized by user growth, the current risk level is lower than in 2015 and 2018.
- Security Warning: Qureshi emphasizes that despite the absolute increase in violent incidents, the risk associated with cryptocurrencies has not escalated at the same pace, urging high-risk individuals to invest in personal security measures to safeguard their assets.
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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 | 36140.792 | 48070.396 | 60410.812 | 72340.416 | 84680.832 | 96610.436 | 108950.852 |
| Fibonacci | 48070.396 | 57341.544 | 63069.268 | 72340.416 | 81611.564 | 87339.288 | 96610.436 |
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