Bitcoin reverses its trend. Will it just be a fix?

CMC's FEAR & GREED indicator had long highlighted the market's entry into a terrain of extreme greed, and as always happens in moments of graphic hyperextension, sooner or later investors feel like taking a little profit.
The size of sales on Bitcoin remains quite significant, to date amounting to around $650 million, generated by around 193,100 traders, according to Coinglass data.
While FOMO leaves room for new media and technical instabilities, the market wonders what the BTC/USD minimums will be; a first target price kept under observation is $65,000, a particularly important level from a graphic point of view, therefore a first possible wall on the part of demand.
So what to expect from the price of BTC/USD? Graphic analysis of BTC/USD After forcefully surpassing the $70,000 level, the price of BTCUSD quickly reached the high of $73,000, reaching price levels that only a few could have expected in such a short period of time.
After reaching this level, however, the price of the father of cryptocurrencies began to falter; it initially retreated below $70,000, considered by the market to be a support level, and then demonstrated strong resilience on the part of demand and returned close to $72,000.
The worst seemed to be over with the maintenance of $70,000, until a strong rush of selling enveloped the price of Bitcoin, leading to a drastic and sudden collapse in prices, which went just above $65,000.
Compared to the highs, it represents a contraction of more than 10%, and although it represents a routine movement for BTC traders and investors, this has generated a mass liquidation, including margin calls, profit taking and the opening of short positions.
Expanding the timeframe, the correction does not seem so serious and not very large compared to the growth recorded by the BTC/USD exchange rate in recent months.
The fear of many is that this contraction could prove to be a sort of inversion, as the halving and therefore the hype approaches, with a FEAR & GREED index already well above the level of extreme greed.
The market always plays with expectations, and the saying "sell on news" often proves to be a difficult maxim to accept in the markets.
Bitcoin, the technical levels to monitor Without a shadow of a doubt, $65,000 represents an important level not only for BTC/USD, but also as a graphic support that summarizes the two highs of 2021.
It is a level that seems to have also been widely used on the market of futures for trade, and which therefore, presumably, will represent a first wall for demand.