Yes it may and it has always chance but the thing is, dump is just a normal thing and even the price will goes back to where it was during it's bottom yesterday (IIRC around $6,500) then as usual, everything will back again from speculating. A number of technical analysis might brought up because of this price surge but none of them actually can tell what will happen or even closed to it. Those analysis, even how professional and well detailed it is will be spoiled once there is an unexpected rally so take those analysis for reference purposes only.

Sometimes people are just doing an analysis based on the current trend and not prior to it.