$120K is very much possible in this July, this is just the fifth day of July and bitcoin is already up above $105k, although this was a build up from previous months but it can still hit that this July, Bitcoin started off bullish this July, all it needs at this point will be one major hit news and before you know it, high volatility will kick in and bitcoin will be up there, remember most often when bitcoin hits a new ATH most persons especially at retail level do delve in to the market because they see it as a bullish confirmation so the chances become even higher for further push upwards mostly when there's no news to trigger panic to the bearish position.
For traders, the push for new ATH is mostly an indication for them to be more vigilant because reversals can happen at anytime but for investors it's a time to lock in profits by rebalancing since they are mostly in for the long term as compared to the traders who wants to make profit on every market move, for them the volatility and movement are opportunities but for investors the summation of all of that makes them profit.
The price is still at a very good level, $108K is a very good level, no one can say for sure what will happen next, but positive movements will come with a very high probability, and we just have to be ready for that and continue holding with faith. We expect a new ATH this month, we don't know if it will actually happen or not, but if not this month, then the possibility of a new ATH next month is very high. $120K is not too difficult, when the price movement starts real pumping, $120K is very easy.