It is a bear rally guys, rallies like this happen when something gets extremely oversold by a rapid decline. It then bounces because it declined so fast. Bitcoin and the market has done this same maneuver in the past, I wouldn't suggest buying into it, but rather selling into this:
https://steemit.com/bitcoin/@crypto-investor/what-a-pure-chartist-is-thinking-today
Yea but this is crypto gotta keep the speculation going. The nature of a speculative currency. But yea this is regular. there will always be upticks and downticks on markets. Crypto lifers know this and will hold their coins regardless of market because they pretty much always recover and some given enough time.