its hard to predict. it might take longer than last time to hit $1200.
Yes I agree on you that this will take enough time to rise back to $1200 as the current price is too far from that level. Although the market is unpredictable it can recover fast if the trend will start to bullish.
the price of $ 1200 is now very high for bitcoin. it takes a 10x increase from the current price, and that will be a difficult thing. but, I think, eth still has that potential, as long as eth is still used as a platform.