The price of Bitcoin has rissen quite a lot only in the last 2 weeks already. Seems to me a large investor or a group of investors with large financial muscles is driving the price upwards.
There may be a period of consolidation before the price moves higher again, due to the fact that some would want to take some profit after the recent runup in price.
Yep, the surge was rapid, so an adjustment is required in the short-term.
Don't try to predict how whales will do, they also need to cash out to earn profits from the market. That is why hedge matters