Friday morning saw a pause in the rise of Bitcoin as the leading cryptocurrency saw a 6% overnight decline to $68,000.
Although the reason for the price decline is unknown, analysts view it as a healthy correction.
This year has seen a surge in Bitcoin, as it emerged from the crypto winter and hit new all-time highs.
The price has climbed by more than 50% just this year, peaking earlier this week at $73,000.
The SEC's approval of spot Bitcoin ETFs and the U.K.'s approval of listing Bitcoin-linked securities on the stock market were the main causes of the price increase.
The market saw a surge in bullish momentum, which caused the values of other cryptocurrencies to soar.
But according to experts, the biggest cryptocurrency might be prepared for a cooling-off period.
In a Telegram channel, digital asset analytics company Swissblock stated that a cooling off period might be approaching given that Bitcoin's price nearly quadrupled to $38,000 in late January with no notable declines.