I've started to see the hype forming myself. I have a few friends that are starting to buy bitcoin while the price is still cheap, they are confident it will be back over 20k within a short time.
Don't ever to expect Bitcoin price will turn back into $20K again as it hype last year.
We already saw green color on the market and prices seems to quietly moving up but isn't enough to say that it is on hype.
Usually people treat market as turning bull when the price rallies by 20% and the other way round a 20% loss in a short time means the bear market is coming. For the price to be considered bullish we'd have to go to 8500 dollars. Anything below will not be a clear indicator and can be a continuation of the previous bear pattern.
I think you are right about the timing. I think it will reach 20k once again but it won't be this year, you are right about that. It is not only that there is not enough time left because last year it went from 3k to 20k in two months so if it were to happen again it would happen however this time it is because we are coming out of a bear run that has been going on for 10 months and even longer maybe.
However last year bitcoin went from 700-900 dollar levels to 3k levels, yes it did dropped a bit time to time but in general it was going up and than it went up to 20k, we need bitcoin to reach 8-9k before it can go to 20k so I am waiting for it to reach those levels first.