Bitcoin leads cryptocurrency rebound

Bitcoin has staged a recovery this afternoon. Earlier on the lead cryptocurrency looked in danger of breaking below 10,500, but it has managed to stage a rebound back above 10,700 this afternoon and that is helping the likes of Monero and Ethereum to also mount a recovery too. Indeed, Bitcoin is clearly leading the complex higher this afternoon and is one of the best performing coins now today. However, as the coin approaches the top end of the pennant, or wedge formation that was outlined here earlier on, it remains to be seen if it can make a move beyond 10,800. If it can, then there could well be some price extension and acceleration beyond that level. Bitcoin is just now trading at 10,750