Check it:
http://www.coindesk.com/price/Earlier today, Bitcoin was at $289, and look at this now.
What do you think is the cause?
When will this uptrend end?
this engine has a bit more steam left in it. so i predict it is going to rise above $300 this week and remain there for some time. and after that it might suffer a small fallback but overall it is going to go up.
as innocent93 said i too believe that this year is going to be a good year for bitcoin.