Bitcoin has made a little more progress since yesterday evening. The price has managed to trade back above 10,400 earlier today and that modest rebound is clearly following the path set by the global stock markets and the EUR/USD. Earlier today Bitcoin reached 10,424 after recovering a very brief dip below 9,880 that unfolded yesterday. Clearly 10,500 is still a resistance level that the price is yet to hurdle and in all likelihood that will either require more upside on the EUR/USD or further gains in the stock markets, or both perhaps. The inference is clear; Bitcoin is again following and not leading its own path. However, the overall path for Bitcoin is not by any means northbound and the prospect of a deeper correction towards the 9204 level is certainly still live. There is also a degree of resistance in place at 10,453 that might also be helping to cap the topside today. Bitcoin is just now trading at 10,385