If the bitcoin hit the all time high, then the price will be over $1200. That is just three times of present value. So it is possible.
Of course its possible, this is all because of the halving that is coming this year, because of the halving of the block size it will be possible for sure.
I think there is a good chance that the price is gonna rise to a higher amount with the bitcoin and it will hit this record height, I really believe in it!