Its normal to have pullback, consider that the bull already run for a long time, ...
it hasn't been that long, the uptrend was started noticeably early april from ~$4000 to ~$5000
then continues rising rapidly during may up to as high as ~$8700
with the recent sudden spike from $5k to $8k, we cannot ignore the possibility of correction afterwards
Now, Bitcoin will not fall to 5 thousand again. The current fluctuations are a norm - we do not see that BTC is falling into the deep pit.
the possibility is always there,
the first support should be around ~$6500, then next at ~$5000 and very strong at ~$3500