The current movements have little meaning, because there is hardly any volume behind them.

I would say that the market is in one of its bitcoin-typical low-volume-wait mode phases. They seem to happen when the "speculators" have no idea where the price should go. To me they are an indication that the market is not reality-driven. It is phantasy-driven. This may just be a different expression for bubble.

Unfortunately, price bubbles are by their nature unpredictable. You can safely make a general prediction that the bubble will burst, but it is difficult to predict exactly when and at which price it will happen.

My personal guess is that the bubble will burst within days, but I have to admit that it is only a guess and that I cannot preclude that the price will go up to $200 first.