Cant forget to factor in that clouds move as well. My guess is cell towers of some sort on the top of the mountain and the object is the tower coming through that spot and the lights are airplane warning lightsSOME TYPE OF CLOUD SUBMARINE??
Obviously a fake. When they compare the videos side by side you can see that some people do reach the same height as this "alien" when on the rocks. So my guess is its either CGI or they simply pulled an optical illusion.