I believe bitcoin will rise higher. People tend to see the sudden upward movement and get excited, a rush of fear of missing out and then irrashional behaviour sets in towards buying in. That is wrong. What happens with these sudden movement is investors putting money in to invest in great companies that are growing usability and mobility of Bitcoin. Also institutions (banks and investment funds) have put a lot of money into bitcoin. With every rise, there MUST be a "pull back", a drop in price or correction to mean. This is followed by another rise. The drop was caused by people wanting to cash in on profits to buy again to increase their bitcoin holdings at a lower price and differing their tax reportings for another year.