BTCUSDBitcoin / US DollarCOINBASE:BTCUSDdr_abdelrahman_pharmBased on the recent data, yes, Bitcoin appears to have broken new all-time highs and there are signs of a potential correction: Current Situation: Bitcoin recently dipped to $113K as long-term holders cash out, short-term holders capitulate, and ETF outflows add pressure to the market Ripple XRP/USD price history Aug 3, 2025| Statista. This suggests we may already be seeing some profit-taking at these elevated levels. Correction Likelihood: The pattern you're describing - new ATH followed by correction then continuation - is historically common for Bitcoin. Here's why a correction seems likely: Profit-Taking Pressure: Long-term holders are starting to sell at these levels ETF Outflows: Institutional money is taking some profits Overextension: Analysts predict Bitcoin could break $128K, but current predictions show it trading in the $77,000 to $155,000 range for 2025 CoinbaseChangelly Changing Patterns: However, there's an important caveat: Bitcoin's four-year price cycle, which has often had a predictable pattern, has shown signs of breaking or even disappearing altogether ChangellyYahoo Finance. This means traditional correction patterns might not apply as cleanly anymore. Likely Scenario: Most healthy bull markets include 20-40% corrections even during uptrends. Given Bitcoin's current levels and profit-taking activity, a correction to the $80K-$90K range wouldn't be unusual before potentially continuing higher. But remember: trying to time these corrections is extremely difficult. Many traders get shaken out during corrections and miss the continuation move. If you believe in Bitcoin's long-term trajectory, short-term volatility might be less relevant than your overall investment timeline.