Corretions are always, it's a normal in markets. BTC is a revolutionary means of payment and many companies in the world are introducing it so the price is rising.
Yep, Many people are starting to use bitcoin so this means everyday more users are using bitcoin. This will help the price of bitcoin going up. Even companies famous are investing in btc.
It can also fall down very hard because bitcoin is unstable. We will see in time what will happen to bitcoin.