I think the coin does have the capability to do so, but I highly doubt it will actually happen. The reasons for that being that we're 3 months into the year and it doesn't seem like there's as much momentum in bitcoin as there was during last year. There needs to be some surge that gets the general interest back so that people can start finding ways to buy in and get other people to buy in too. That essentially raises the price for everyone, and if there's promise, then more people will start buying.

As of now, it seems like the hype around crypto has died down because people saw how much BTC dropped and don't want anything to do with it anymore. While I don't agree with people's ideals a lot, I understand why many people pulled their money out (They're just nervous).