Bitcoin holds $67K support as data exposes price to sentiment divergence

Written by Biraajmaan Tamuly, Staff WriterReviewed by Ray Salmond, Staff EditorBitcoin holds $67K support as data exposes price to sentiment divergence3 hours agoWintermute analysts said Bitcoin’s price stability against the extreme bearish sentiment present in the market is a positive. Will BTC ever flip $70,000 back to support?       Listen0: 00 Cointelegraph in your social feed           Bitcoin (BTC) continues to show strong support at $67,000, even as a growing split between BTC’s price stability and bearish sentiment among investors leaves the cryptocurrency in a state of equilibrium. BTC’s resilience in avoiding dips below $60,000 has been driven by strong institutional investor demand and long-term buying, despite volatility stemming from the US-Israel-Iran war. Wintermure flags a shift in BTC positioningMarket maker Wintermute noted that Bitcoin’s price and sentiment were diverging. The Fear and Greed Index sat at 11 on Tuesday, staying in “extreme fear” for over a month. The sentiment index has remained in this range for the longest period in its history. However, BTC has absorbed a $403 million liquidation event, persistent negative on-chain demand, and repeated war headline shocks without losing its yearly lows set at $60,000 on Feb.