Are Quantum Computers Taking Bitcoin? Analyzing Josh Mandell's Assertions and Expert Reactions
Quantum Computing and Bitcoin Security: Josh Mandell claims that quantum computers are being used to siphon Bitcoin from inactive wallets, suggesting a major actor is extracting funds without market disturbance, which challenges Bitcoin's cryptographic security.
Expert Skepticism: The Bitcoin community and experts have largely dismissed Mandell's claims, citing the current limitations of quantum technology and the lack of evidence for such thefts, emphasizing that any observed wallet activity is likely due to benign reasons.
Technical Barriers to Quantum Attacks: Current quantum computers lack the necessary qubits and error correction capabilities to effectively break Bitcoin's cryptography, with many experts predicting that practical quantum attacks are at least a decade away.
Onchain Data Analysis: No concrete evidence of quantum-based theft has been found on the blockchain, with dormant wallet activity often explained by normal upgrades or reactivations rather than unauthorized access.
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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 | 35985.076 | 47992.538 | 60255.096 | 72262.558 | 84525.116 | 96532.578 | 108795.136 |
| Fibonacci | 47992.538 | 57263.686 | 62991.41 | 72262.558 | 81533.706 | 87261.43 | 96532.578 |
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