This could be a retracement but I can't say if the retracement is temporal or it is going to push the price up again to ATH. But at the moment for today's trade, the daily candle is showing a come back from bear, if that is sustained through out today then we could see price hitting around $114k in the next 48 hrs. Also, the hr candle and 4 hrs are taking the bull position. However, it is a speculative market and anything can change for the bear to continue.