No one, not even MT (who the h*ll he/she/it may be), can bring the btc price back to $1200.
Having said that, it's NOT only possible, but HIGHLY likely that it will hit $1200 some time this year and surpass it, maybe a few times before settling on a new ALL TIME HIGH.
I am betting with all my idle cash.
Sorry, not possible. Sources have confirmed from China, that bitcoin will continue to crash around the world. I have some links somewhere, all in Chinese of course, but I can't be bothered to locate them right now. Point is, 2013 was bitcoin's last flash in the pan. It's all down hill from here. Also, India, and sources. Also, some other sources and such. You know the drill.