With both macro and market signals aligning, the trend is looking bullish.
For now, it's simple, Bitcoin is going up.
The market signals are already indicating a bullish trend but it doesn't mean that it may not experience correction, it will but there will be some kind of upward and downward movement such that even if the price doesn't reach $120K, it may go close to that ATH, maybe around $115K to $118k. We have just entered the second half of the year so i believe that the performance of the price of bitcoin in this month of July will give us an oversight of what ATH the price of bitcoin may likely end this year.