Lift-off commencing! 
This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127.
The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price.
Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126.
Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130.
It looks like a stalemate situation for now then.
I know I'm not buying anything at this price.