If we expect $1200 prices within a month, then it would be a pump. But it will be a slow climb for BTC is better always.
I would expect for half of predicted ($500) in a month but above also will happen.
It's just a knee-jerk reaction to the markets crashing. The smart money is buying Bitcoin as fast as they can. Gold is up, and usually follows the market down on big selloffs like this. I think people are beginning to understand this one wan't be nearly as easy to create a fake recovery like they did in 2008. Very good things will come to those who are patient, and hold crypto.
Safety is going to be found in Crypto, gold, and silver. Because of the security and portability of Bitcoin, it will do extremely well in the unfolding crisis.
http://etfdailynews.com/2016/01/13/why-the-dow-jones-industrial-average-will-plummet-to-5500-by-2017/
https://www.dollarvigilante.com/blog/2016/01/14/dow-down-nearly-400-again-and-nearly-1500-points-this-year-while-obama-claims-economy-is-great-2.html