I'm a a crypto enthusiast too and specifically a bitcoin enthusiast. Well what the guy says is very possible but I'll just summarise the whole thing to time and government regulations and rules. Bitcoin within less than two decades has built so much adoption enough to push it's price from being just the worthless first crypto currency to the most important and valuable crypto currency in the market today.
It's difficult to get a market pair that is a crypto currency to be on a steady uptrend for a very long time without consecutive pullbacks at intervals. And that's the main reason bitcoin won't get to $200k very very quickly since pull back slow the market down a bit.
Yeah, Bitcoin has built itself not just as the most valuable asset in the crypto world but also the most traded assets globally. Generally, Bitcoin has witnessed huge adoptions over the last two decades but there are factors that has kept the price movements at a slow pace, and some of these factors includes,
Market makers: Market makers, especially big whales try to control the market at their own will by dumping the market with heavy supply.
Again, market pull backs, as you have mentioned will always take place at certain time, and also at certain intervals too, there will always occur some trends corrections.
In additions, negative speculations, fear and greed, poor demands are added factors that hinder Bitcoin continueous price increase. I think price will be moving gradually till it hits $300k in near future.