I think it will accelerate faster and faster. Chinese are buying like crazy. A repeat of late 2013. Brace yourselves!
Yes new money flow is the prime factor and accelerating the new wave. China is having more power mining now they decided to benefit from bitcoin booms. Both are good for bitcoin ecosystem. Lets wait for the prices go beyond previous high.
It's time to be a bit nervous but also optimistic that we will see prices appreciate.
As it is the rise has been fairly steady but not rapid which to me signifies a stable but good increase in the value of Bitcoin to users, and with china having more investors is always a good sign for it.