Your observations align with recent market activity. Bitcoin did recently attempt to break its all-time high, reaching a value of over $122,000, which was very close to its July 14, 2025, record of $123,236. This attempt, however, was met with resistance, leading to a pullback to the $118,000 range.
From my i own view I believe a new all time high will soon be here, and it will be sooner than later