BitcoinThe regular readers out there will be aware that for the last few days weve been looking at the 1100 and the 1200 levels as key forward looking levels What we mean by this is that the way the bitcoin price responds to the reaching of these levels will give us some degree of insight into what we can expect near to medium term going forward For example if we see a break of the 1200 level we expect price will run up to in and around the 1250 mark relatively quickly Not right away but it will get there Conversely if we see a correction form that level posthit price will probably run down to the 1150 region before it breaks again