But do you think the the overhype that took it to 20k and its followed drop for the past 6 moths (which caused major disillusions) , will make it more difficult for BTC to reach new highs?
Yes, it'll be much more difficult to reach new high when the previous high is ridiculously high like $20K. Keep in mind that we're reaching $20K because institutional exchanges are opening BTC markets in the US. It's not just about time, I simply don't have any idea what fundamental thing could bring BTC back to $20K and break it.
I dont think $20000 is high price. Yes it is high right now, but not in future. Eventually countries will start buying Bitcoin. Right now rare institutional investors does. There is still long way to go.