If I was trading a stock I would have taken profits a long time ago on BTC but this isn't a stock. I have no idea how to determine what's going to happen and when. The people buying are a combination of institutional investors trying to get in before the launch of the futures markets and newbs with the bad FOMO itch (I'm assuming). Hard to tell when that's going to stop. Even if there's a sell off on the 11th, I don't think the exuberance is going to fade in the newb camp. We've got so much interest that bitcoin-related searches are the top two most-searched subjects on Google right now! What that means is that we've got probably hundreds of millions of people buzzing about Bitcoin right now and trying desperately to get in. Some people I know have been trying to get a Coinbase account since yesterday and everything's so slow on there they still haven't completed the sign up process yet. I almost can't believe what I'm seeing with this stuff, but it doesn't show signs of slowing down. If anything it looks to be accelerating.
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