Bitcoin: CZ Proposes Deadline for Dormant Wallets in Quantum Fork
Bitcoin at $63603.24 as CZ urges six-month deadline on dormant wallets during any quantum computing threat fork to freeze unclaimed coins.
SourceAnalysis
Bitcoin faces renewed scrutiny over quantum computing threat ECDSA vulnerability after CZ suggested any future hard fork should impose a strict six or twelve-month deadline on dormant wallets, freezing addresses that fail to move coins and thereby blocking quantum attacks from claiming them.
Price action shows BTC trading at $63603.24 inside Bollinger Bands with upper resistance at $65654.1 and lower support at $61794.42 while the EMA50 at $64150.94 caps upside and the EMA200 at $68695.74 marks the longer-term ceiling. Momentum remains mixed as RSI(14) sits neutral at 46.86 yet MACD registers a bullish golden cross at -395.81, hinting at potential relief toward the 50-EMA before any sustained continuation.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.