Bitcoin may increase but its not immediately to reach 20k. On the other hand, its possible that it will increase maybe next year. But now its slowly increases only. So keep holding bitcoin, because we cant predict if when did this happen, we know already that the price is not stable.
Finally, I get to know the value people term as recovery, because to me, bitcoin already recovered the moment it left the $4k zone, but there are so many people who are still fighting it hard to believe that bitcoin has recovered, now I can see that they are judging the market recovery based on the ATH of the last bull and if they don’t see that value, there will be no record of recovery for them.
Like you said, we are still far from that value because the fundamentals that pushed the coin value to that ATH was not natural, if it were to be natural way of increase the way bitcoin is moving now, then this time is when we should be getting to see the $20k for the first time, but unfortunately, the whales push the future value out too soon. So bitcoin will definitely touched $20k again, but we really need to be patient.