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Bitcoin price today 02/12/2024: bulls want to break US$ 48 thousand to have a clear path to US$ 50 thousand

According to analyst Akash Girimath, this week's outlook is relatively stable, without any major events that could influence the markets. Bitcoin price is hovering around $48,000, with many users anticipating a retest of the $50,000 psychological level soon. Some, however, believe that BTC could fall.

Cryptocurrencies rise up to 31% with Bitcoin up 11% weekly and inflation expectations in the US

"Bitcoin recorded its seventh consecutive day of gains, but the strength slowed over the weekend. It also coincided with a move above 70 in the RSI on the daily intervals, which could increase players' appetite for short-term profit-taking. Caution also increases as we approach the January peak. Bulls have clearly become more cautious, closing the week at the highest level since December 2021," he said.

Therefore, the price of Bitcoin on February 12, 2024 is R$237,214.36. In this amount, R$1,000 buys 0.0042 BTC and R$1 buys 0.0000042 BTC.

FTX plans to sell Digital Custody for US$500,000

The cryptocurrencies with the biggest increase on February 12, 2024, are: ImutableX (IMX), Mina (MINA) and Bitcoin Cash (BCH) with increases of 8%, 4% and 2% respectively.

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(Cassio Gusson)