Expect a bounce in the BTC. IMF’s Lagarde calls for states to explore digital currency. Bitcoin, the poster boy of the crypto world which led all the cryptocurrencies to the downside in the week gone by, is expected to bounce a bit after the sell off which broke all the key levels on the largest cryptocurrency. BTC/USD is just a less than a percent on day at $5,546, around high point of the day. BTC, after breaking key supports on all the time-frames, is expected to bounce a bit from lower end of the bollinger bands to the middle of the range. Oversold RSI could also come to the rescue of the bulls. One of the key positives for the cryptos, IMF Managing Director Christine Lagarde, in her prepared speech in Singapore, called for exploration of digital currencies by the states to cater to the digitally adapt community. BTC/USD daily chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next The week ahead: Halting Aussie housing poses a recovery problem – Westpac FX Street 5 years Expect a bounce in the BTC. IMF's Lagarde calls for states to explore digital currency. Bitcoin, the poster boy of the crypto world which led all the cryptocurrencies to the downside in the week gone by, is expected to bounce a bit after the sell off which broke all the key levels on the largest cryptocurrency. BTC/USD is just a less than a percent on day at $5,546, around high point of the day. BTC, after breaking key supports on all the time-frames, is expected to bounce a bit from lower end of the bollinger bands to the middle of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
