Why? Until Tether (USDT) is stop from minting their shitcoin out of thin air then I think this will never happen.
You can check how many USDT that tether has mint this year alone, from January till now, then you will understand they are the reason why Bitcoin couldn't sustain the ATH of $60k.
When tether is stop, then we can be sure of Bitcoin going high, but if not, that means Bitcoin reaching $100k is in utopia.
Because as i am writing this tether as still planning to mint more of their billion billion shit token out of thin air to disrupt Bitcoin and other altcoin price.
They're the reason why other coin is not moving up, because all other coin are being pairs with tether in the trading market, not Bitcoin as it used to be.
So something must be done to stop this shitcoin that are being created out of thin air, if you want your darling Bitcoin/Altcoin to reach the moon.
It's actually part of the SEC job. Of course they know more about financial developments. XRP has already been sued by the SEC, currently Binance is being reported. But we will see the professionalism of the SEC at work. Tether must have Fiat equal to the amount of Tether minted to keep the value of Tether equal to USD.