Of course we have passed it as at now, bitcoin is now standing tall above $113k and still waxing stronger with promises of still going higher.
With this development, I can speculate that $120k is just around the corner and it wouldn't take much time until we surely get there. Many people thought that the Bullrun is over when the price started experiencing negative correction and panic sold. Such people people would be in big regrets now seeing that the bulls are on it again.
Yes Bitcoin is now standing above 114k so at this point I feel like Bitcoin is growing faster than anything. Bitcoin also spawned a new ATH today because it may have been observed by everyone that Bitcoin is rising to new heights and everyone may have started to reimagine that the Bull Run is starting again. At this point, it's safe to say that there may not be a recession in the Bitcoin market because given the bullish sentiment at the moment, I'm trying to be realistic that Bitcoin might break the 150k resistance very soon. You are right that when the market is in risk-on mode and there is a negative correction, many people naturally imagine that the bull run is over.