Thank you @jrcornel (and @techwizardry of course:-)) for this great explanation. Just to be sure, as I'm not a professional trader, prices are surging because loads of shorts are having to cash out. Traders that bet on BTC price descending even more come to the realization they bet wrong. This is how I understand it. Now, If I'm not all wrong, this is far better than a lot of other explanations I've seen on this sudden push upward. Take this for example: Bitcoin Surges; Research Paper Says Cryptos Compliant with Sharia Law. With this intro:

Bitcoin and other virtual coins rose on Thursday, after a research paper claimed that the virtual currencies were compliant with Islamic religious law, or Sharia law.

People who read this might think we got Allah to thank for this possible trend reversal!

Thank you for keeping us well informed!