I think there is no rally at all, just an another dead cat bounce.
You know Isaac Newton went Flat Broke Chasing a stock bubble.
Bitcoin is not a stock.
It's was a bubble though

Sure. But here we are still at 200$. I'll take that.
I think the reason the pattern has altered this time is the addition of leveraged buying and selling, which I feel has magnified the moves and allowed a greater degree of 'manipulation' of the price than simple buying and selling previously. Previously the only option to make money was to accumulate on weakness and sell into strength.