More attention has been drawn to btc and a lot more capital funds from companies are in the cycle now. I doubt it'll dip any significant drop.
It is possible in a bull market to reach a dip. Who knows which idiots bought at 20k back in 2017 and has been holding for 3years only for this opportunity to sell. Though the numbers will drop with time as price keeps increasing someone will buy at this price tol because of FOMO.
New capital is coming in which means more support for short term. These groups don't like to keep a bad portfolio, if they see a dip they will also drop their bags like anything.
It's good but only if the price keeps going up. Which is often going to not be the case.
My previous target of 25k was crossed and so my next target is 30k USD.