Every time Bitcoin ($BTC ) experiences a pullback, many people think the bull market is over. In fact, every dip in a bull market is meant for a better rise.

Based on Bitcoin's current price base, 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 sharp drops, but the overall trend is that the coin price keeps rising. The purpose of the dips is to jump even higher.