Apr. 5 at 5:49 AM
$GOOG just dropped a quantum bomb on crypto 💣 Bitcoin's encryption could be crackable sooner than anyone thought — and the market is starting to price it in.
$IBIT sitting at
$37.97, down 1.73% and bleeding — RSI 42.56, well below both the 20 SMA (
$39.52) and 50 SMA (
$40.71). Down 23.52% QTR. This isn't just macro pressure, quantum risk is a real overhang.
Meanwhile
$QTUM.X at
$109.96, RSI 48.74, just above its 200 SMA (
$105.98). Quantum-resistant blockchain narrative could rip if this story legs. Watching
$113.77 (50 SMA) as the breakout level. Low rel. volume (0.43x) — needs a catalyst push.
#Bitcoin #QuantumComputing #CryptoTrading