Every time Bitcoin pulls back, many people think the bull market is over.

Based on the current price of Bitcoin, a pullback of 10,000 points is actually not much; from the peak, it's only about 10%. A 10% pullback in a bull market is quite normal. The biggest characteristic of a bull market is the frequent spikes and drops, but overall, the trend is that the price of the coin keeps rising. The purpose of the dips is to jump even higher.