This is what everyone is waiting from the bearish market. After a long time of suffering of the price and now the market is recovering and continues to rise. Bitcoin price is increasing and it doesn't mean that it is fully recovered because many of investors quited due to its bearish price. Many possible reasons why bitcoin or the market is recovering it's maybe the pump and dump is the main reason or some people who can afford a huge amount of bitcoins.
I think when the price of bitcoin in the pump a few days ago maybe it was because of the good news that triggered traders who had very much money to buy bitcoin on the exchange, thus making the cryptocurrency price recover.
If there are really rich investors joining, the market will continue to get better. They will continue to speculate and pump prices up in the near future, hopefully not bubbles.