I have a hunch that this is a false dawn. We have been in a bear market for so long and everyone has been waiting and hoping for riches that we are seeing what we want to see.
We've had a few false signals before though, now that China has given the seal of approval on Bitcoin combined with the halving next summer and the Bitlicense taking effect I think now is the time to start going up.
Yes. Two big events in two different events must have significant impact on bitcoin prices which may be the reasons for next big price rally. People around the world are already started holding bitcoin on expectation of halving boom. Satoshi must have implemented halving for every year to make price surges often.
Satoshi should implement a smaller drop like 0.l% for every week or use the mining output schedule like Monero, which reduce the output every block.