I think under 1300 is very possible. Even though bitcoin is unfire tonight (just touched $11,000 on CEXIO), there are ups and downs along the way. GBTC seems to go higher at a greater extent when bitcoin is rising thus leading to a bigger correction when bitcoin cools off. I thought bitcoin would drop back to about 9000 once it touched 10k. If it did that, GBTC would likely get shorted back well under 1300. We will have to wait and see how the Asian markets treat the 10k break through in the early morning. Will they take profits or make it run further?
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