Defiantly its to high now i am seeing totaly speculation behind it which is not good for bitcoin and even for all crypto world which will again shows lack of interest in bitcoin because this rise is not according to demand needed but it is demand created by investors which is gambling not business
I also believe in the speculations because it was coming from the professional traders. The market's flow is depending on the supply and demand and those who can predict the future are only the professionals because they study the informations for a long time.