Bitcoin market is speculative in nature and predicting the market is not always easy. The market is volatile and reaching any price at any time is possible. In case of bitcoin the price rising to the last year high depends on some on going negotiation like the SEC-ETF rescheduled meeting this September. If at the end of the meeting and ETF is accepted as part of derivatives listed with SEC the price of bitcoin will likely rally from that they the approval is gotten.
Agree with your point