The pattern that has emerged is that whenever bitcoin hits a new hundred dollar incremental rise of $1100 or $1200, the chinese government then issues a warning to the chinese exchanges and the chinese bitcoin markets then dive and xaurum follows.
So, will it be the $1200 bitcoin level or the higher $1300 level that alerts the chinese government?
Let's watch and see.
Good observation, on the other hand it would be interesting to find out if bitcoin will reach a new all time high since 2013 ahead of SEC ruling.