Bitcoin, the world’s largest cryptocurrency, has been on a rollercoaster ride in recent weeks. After reaching an all-time high of over $90,000, it has now fallen below the $90,000 mark. This may seem like a negative sign for investors, but experts believe that the bulls will not let it stay down for long.

The recent dip in Bitcoin’s price can be attributed to a variety of factors, including profit-taking by traders and concerns over regulatory crackdowns. However, this is not the first time Bitcoin has experienced a dip in its price. In fact, it has gone through several cycles of ups and downs since its inception in 2009.

Despite the current dip, many experts remain optimistic about Bitcoin’s future. They believe that the bulls will vigorously defend the $85,000 level, which has been a strong support level in the past. This level has been tested multiple times and has always held strong, indicating that there is a strong demand for Bitcoin at this price point.

Moreover, the long-term outlook for Bitcoin remains positive. With more and more institutional investors and companies adopting Bitcoin as a form of payment and investment, the demand for the cryptocurrency is only expected to increase. This, coupled with the limited supply of Bitcoin, could potentially drive its price even higher in the future.

It’s important to remember that Bitcoin is a highly volatile asset, and its price can fluctuate greatly in a short period of time. However, for long-term investors, these dips can present buying opportunities. As the saying goes, “buy low, sell high.”

In conclusion, while Bitcoin’s fall below $90,000 may be a cause for concern for some, it is not unexpected in the world of cryptocurrency. The bulls are expected to defend the $85,000 level, and the long-term outlook for Bitcoin remains positive. As always, it’s important to do your own research and make informed decisions when it comes to investing in any asset, including Bitcoin.