This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.
I will just include it to another list of speculations we have. The same approach to others analysis around, no one knows what will happen.
Reaching another ATH is always possible even during times of the year-long bearish market. Therefore, it has always rooms to happen. The question is
"when".
Some of the recent technical analysis is based on bitcoin's price recent movement and behaviour. Since we can clearly see the dominance of green candles, expect that most analysis will always be pointing upwards. It will create a good hype resulting for more buying action. But always remember that the momentum can be spoiled anytime. I like how the price is behaving this year, not making a quick jump but also has some dips along the way. Slow progress with strong foundation compares to 2017 hype. I don't mind waiting for more years just to reach another ATH. As long as every price level established a good foundation, we can't expect that there will be no such thing as a big crash that will happen on the way. Don't want to see bitcoin price reaching below $3,000 after many years of withstanding the volatility.