I'm not surprised or won't be surprised if this push in price will make so many excited to the point that they will begin having bigger expectations concerning it's price but let's also consider the fact that inasmuch as it shot up to $100k+, it can also fall rapidly so for me, $150-170k is pushing it a bit. (That's if it's where you're seeing BTC price to hit in the upcoming weeks, though).
I don't think that the price of bitcoin will experience any drastic fall again and even if it does, it can never go back to the least price it went the last time. The market has a strong support such that before it experiences a heavy fall will result from a major liquidation which i think there's nothing that will prompt such actions since the tariff wars are almost coming to an end. $150K is a very fair and achievable ATH this year and with how bullish the market has been recently, we should be expecting something big in less than no time.
Anything can happen, but nothing happens randomly and naturally. What I mean is that Bitcoin price cannot just go up or down without reason.
The reason why Bitcoin dropped to $74,000 a month ago was because of the trade war, but now, news about the trade war, CPI, PPI...are also having positive developments. As we can see, there is hardly any negative news, so there is no reason for price of bitcoin will experience any drastic fall again. So I agree with you, Bitcoin will not dump and go back to the low of $74k again. Everything seems to be going in the market's favor, there is no reason to be fearful or pessimistic at this point.
For me, $150k is even a modest target, I think Bitcoin can hit $180k - $200k before the bear cycle comes.