That's the direction I'm thinking, and as we can all see, $40k has proven to be a very tough nut to crack again - so while it's impossible to say when the bulls will return in full force, it's to be expected in Q4. And last year things got serious just around this time when it was announced that MicroStrategy had invested $250 million in BTC, maybe we can expect something similar this year as well.
My personal opinion (not financial advice) is that the price will stay between $30k and just over $40k by the end of this month - which is a great base to attack the $100k in the last months of this year.