I don't know if I buy your reasoning as to why this recent price increase is "artificial" or not.  Perhaps I don't understand the jargon you use, but it sounds like a bunch of gobbledygook to me with buzzwords like dump and FOMO thrown in to make it very clear you're probably reading all of the wrong stuff. 

On the other hand, it isn't hard to get the feeling that bitcoin might correct when it starts rocketing upward.  I haven't done the math and so don't know how much bitcoin gained percentage-wise, but it has been significant.  It's up probably more than $2k in the past week, and that's more than 20%.  So just going by what's happened in the past I do get the sense that there's probably going to be a selloff eventually, but the only question in my mind is how high bitcoin will get before that happens.

I've always had the opinion that people should really stop using that word to describe bitcoin's price movement.  Since bitcoin is not a pump & dump scheme, you'll never catch me describing a crash, correction, or selloff as a "dump".