Its not a pump, its alot of short closing out and being found to be incorrect to be bearish.   Overall the road is long and the fight goes on in the market between bears and bulls.

The short term move takes a backseat to long term moves which now must confirm the break upwards.   There is a trend going back many months around 7200 and that is the most likely place for strong buying I would guess.  We dont have to go there but often Bitcoin moves in the most erratic way, touching both sides of the road if you will