Bitcoin Holds Ground Despite Dip Below $84K

Bitcoin's recent dip below $84K hasn't deterred its bullish trend. The primary cryptocurrency had a strong rally earlier this week, briefly surpassing $87,000 for the first time since January.

However, the momentum was short-lived as it retraced to about $83,800 according to CoinGecko. Some might fear that bears are regaining control, but three key factors suggest otherwise.

The first factor is the currency's strong momentum, which remains intact despite the recent pullback. The second factor is the potential adoption-driven market impact, as more institutions and investors continue to enter the space.