Bitcoin (BTC) held on to $vii,000 support on Dec. xx as a major sentiment indicator revealed investors were all the same highly panicked by current price action.

Cryptocurrency market daily overview

Cryptocurrency market place daily overview. Source: Coin360

Bitcoin surpasses 2022's "farthermost fear"

Data from Coin360 and Cointelegraph Markets showed BTC/USD repeatedly examination the $7,000 bulwark on Fri, each time bouncing off to linger effectually $7,100.

At press fourth dimension, Bitcoin had stayed out of the $half-dozen,000 range consistently since it broke away from lower levels belatedly on Wednesday.

Bitcoin 1-day price chart

Bitcoin 1-day cost chart. Source: Coin360

Now, traders were noticeably dissever over the cryptocurrency's short-term prospects — some predicted a render to lower levels seen earlier in the week, while others forecast bullish behavior.

Leading the bulls was the well-known simply abstemious Twitter account Parabolic Trav. In a comparatively rare tweet on Friday, the social media stalwart suggested Bitcoin was ready to repeat its bull run from earlier in 2022.

"I'm fix for parabola 2 of this bull run. You?" he wrote.

Elsewhere, however, sentiment appeared broadly bearish. Bitcoin's Fright & Greed Index, a tool measuring investor "emotions and sentiment" as a score out of 100, remained at 23 — classified every bit "extreme fear."

For comparison, at around Bitcoin's 2022 lows of $three,100, the Alphabetize reading was actually higher than at present — 24 in December.

Traditionally, Fright & Greed has predicted price upticks, which have followed many of the dips to "extreme fear" on its indicator.

For comparing, BTC/USD diving to $half-dozen,400 this calendar week triggered a rating of 15.

Altcoins calm after a week of carnage

Altcoins one time once more copied Bitcoin as markets steadied, stemming significant losses seen over previous days.

In the summit twenty cryptocurrencies by market place cap, most made pocket-sized gains of ane% or less. Others performed better, with Bitcoin SV (BSV) and VeChain (VET) both gaining around six%.

Ether (ETH), the largest altcoin, stayed static at effectually $128 over the past 24 hours.

Ether 7-day price chart

Ether 7-mean solar day cost chart. Source: Coin360

The overall cryptocurrency market place cap was $191.1 billion, with Bitcoin'southward share a touch lower at 68.2%.

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