Source: goingecko.com
Bitcoin's current price is above the line going through the ATH in Dec 2017 and the peaks of July 2019, February 2020 and May 2020.
Barring a black swan event like another severe stock market crash due to the pandemic, it seems that a confluence of factors such as US banks being authorized to hold cryptocurrency for their customers, a new stimulus package expected to be passed in the US Congress and the halving event starting to create scarcity is kicking in.
There will be ups and downs but I'm guessing BTC and the rest of the cryptocurrency market are done correcting after the previous all-time-high. I'm inclined to think this is the beginning of a new bull market. No more lower highs. I think it is possible or even likely that BTC will take out the previous $14,000 top in the next few months.
(This is not financial advice. Only you know your circumstances and determine your appetite for risk. Never invest more than you can afford to lose.)