Zcash Ironwood Upgrade Faces Scheduling Pressure
- Scheduling Conflict: Shielded Labs has raised concerns that Zcash's Ironwood upgrade, planned for late July, may face delays as major ecosystem participants need to prepare for both infrastructure changes and Ironwood activation, potentially leading to insufficient preparation time and impacting user confidence.
- Migration Challenges: Zcash developers are transitioning from zcashd to the Z3 stack (Zebra, Zaino, Zallet), a shift that involves more than just branding but requires infrastructure providers to modify their systems, with some components not yet production-ready, which could affect the overall upgrade timeline.
- Privacy Pool Issue Resolution: The Ironwood upgrade aims to replace the Orchard privacy pool and add an accounting checkpoint to ensure Zcash's circulating supply remains within intended limits, addressing the “infinity” bug discovered in Orchard, although there is currently no evidence of exploitation.
- Ongoing Security Reviews: While McGee noted that no final delay has been set, developers continue their security reviews and system verifications, with Zcash founder Zooko Wilcox confirming that no additional serious bugs have been found, highlighting the complexity of the upgrade process and its impact on user confidence.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 | 52309.428 | 55054.809 | 57971.228 | 60716.609 | 63633.028 | 66378.409 | 69294.828 |
| Fibonacci | 55054.809 | 57217.617 | 58553.801 | 60716.609 | 62879.417 | 64215.601 | 66378.409 |
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