Chart should be given in such type of posts.
It is my experience whenever price rise; all the people start forecasting next higher limits and in the opposite case; when prices start downward journey ; most of the people start forecasting lowest possible prices
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Above experience is based in my long transaction record in stock market.
So everything is possible.
As per my opinion, always there is a cycle. Price once will move downwards but after some time it will start upward journey. Also it is true that all the times the upper level records are broken and new records are made. So this time if the trend continues; then it will cross the highest recorded price levels of previous boom.