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In this case, it's very possible that it could happen soon, especially since Bitcoin's price is currently at $117k. It only takes a small push for Bitcoin to reach $120k. While there will be some resistance at $118k, which could cause the price to decline, I predict that $120k could be reached this month, or at least next month. It just takes time for Bitcoin to reach that level.
It's amazing that Bitcoin hit an new ATH of $118k, which got everyone excited, but I wasn't surprised. Bitcoin's new all time high had been long awaited, but for various reasons, the ATH seemed hard to achiev. But then all doubts were answered in July. A little encouragement might make bitcoin hit $120k, but I think the market will need a little time before $120k is touched.
I'm looking forward to hitting $120k early new week when everyone is back to work. There are two possible outcomes, if $120k fails, the correction or sideways movement could result, meaning Bitcoin won't stabilize above $117k.