We would have been more bullish if there wasn't any trade wars as those adversely affect the bitcoin price and we had a mini bear season in February and March early this year.
Yeah, similarly if Trump government would have approved the initial plans of strategic bitcoin reserve like new buying of bitcoin, I guess bitcoin must be trading around 200K levels right now. In reality, not everything will go as per expectation hence these disappoints are not big things because we are on right path anyhow and the only concern is, ATH started happening with little bit delayed which may impact the final ATH as well.
My speculation is that Bitcoin has the potential to rise another 15% in the near future because BTC just hit its weekly high, as you mentioned, and broke through $120,000.
I expect a new high by this weekend if 120k will not act as stronger resistance as how 110k acted. If we are lucky, we may see 125k in next week and 150k in August first week and 200k to 250k by year end. Unlike previous cycles of bullish year, this tear bitcoin market seems slower which again impact the final ATH somehow in my opinion.