Following on from an earlier update here, Bitcoin did not surprise when it accelerated above the previous 2020 high at 12,473. In fact, that move to as high as 12,854 was very rapid as one might expect. It was a big level and once surpassed it tripped a whole bunch of robots into buying through the break. The move higher in Bitcoin has of course carried just about everything else higher with it. Most of the alt coins have jumped on the back of the rise in Bitcoin, but some are still lagging as is to be expected given the current cross coin dynamics in play this week. Meantime, Bitcoin has just edged back from that 12,854 high as it drifts back to around 12,735. The previous high at 12,473 should now act as a support level if the price does drop back further. Meantime, the next target is as was noted here earlier, and to fine tune that a little more, it looks to be in place at around 13,130 where a quite significant upward trend line comes into play.