No, 109000 was not ATH so we are still in a bull market that will lead the price to higher levels of $110k, the current correction is healthy and beneficial for the long-term trend of the price. You can start to worry if the price drops below $60k.
So far $10900 was the last ALL TIME HIGH that happened in January, though Bitcoin has made several attempts to surpass this level but hit resistance at $104k, then it dropped below this level. Again, Bitcoin dropped below$100k and has been struggling on this level for over one month, even below $80k.
However, there is no signal yet to confirm a bear market, though, some analysts thought that a break below $75k could confirm a full bear run.
In addition, there are other experts thoughts on a possible uptrends movements, with Bitcoin likely to touch $100k before another dip.