The trading voluems are about 50% larger that what BTC had in its bull run towards the ATH. So it certainly was a parabolic move and I'm inclined to agree with your mini-hyperwave theory and the chart prediction is probably a likely scenario.

I don't see any major announcement or development to cause a bull run like this. So it could be short lived. But on the other hand according to https://www.trinsicoin.com BTC mining is highly profitable with only a 4K cost to mine a coin which could make the ecosystem much stronger and help the mining companies.