BTC Maintainer’s Retirement Causes Investors’ Confidence to Decline

Leaving just a few developers to maintain the BTC core after Falke’s departure. Falke was well known for his sole contribution to Bitcoin Core. In fact, in his active days, he was responsible for almost 3000 changes on the network; however, he has decided to leave that life behind him. This continues the recent pattern of other Bitcoin development giants quitting their positions as maintainers.

Lately, famous people who also happened to be Bitcoin Core’s former lead maintainers have relinquished their positions and are facing legal pressure from people like Craig Wright, who asserts to be the unidentified Satoshi. Despite the possibility that the sequential departure won’t have a significant impact on Bitcoin, the pressure from the law and system reform may result in a lackluster price movement for BTC as investors’ confidence wanes.

Key Bitcoin Levels To Watch – February 26

The Relative Strength Index (RSI) of BTCUSD on the daily timeframe chart shows that a bearish divergence is ongoing. The indication occurred as the price formed higher highs in contradiction to the lower highs formed by the RSI.

Following the indication of the bearish divergence, the price plummeted from the 25215.00 resistance. The order block at the 21478.00 support is expected to be mitigated as the 21478.00 price level is being retested.

BTC Key Levels

Resistance Levels: $48240.0, $32933.0, $25215.0
Support Levels: $21478.0, $15460.0, $12486.0

Total Market Capitalization: $1.06T
Bitcoin Market Capitalization: $447.46B 
Bitcoin Volume: $15.76B
Market Rank: #1

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