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BTC, ETH and XRP Price Prediction for February 12

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Mon, 12/02/2024 - 14:56
BTC, ETH and XRP Price Prediction for February 12
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Bulls could not keep the rise from the weekend going, according to CoinMarketCap.

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Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has declined by 1% over the last 24 hours.

Image by TradingView

On the daily chart, the rate of BTC has almost touched the resistance level of $49,027. Until the price is below that mark, traders may expect a correction. Thus, Bitcoin (BTC) has made a false breakout of yesterday's bar's peak, which is also a bearish signal. In this case, one can expect a drop to the $47,000 zone soon.

Bitcoin is trading at $47,883 at press time.

ETH/USD

Ethereum (ETH) is more of a loser than Bitcoin (BTC), falling by 1.72%.

Image by TradingView

The price of ETH keeps going down after a false breakout of the $2,524 level. If today's candle closes around the current levels, traders may witness a test of the $2,400-$2,450 zone this week.

Ethereum is trading at $2,485 at press time.

XRP/USD

XRP is the biggest loser from the list today, declining by 2.88%.

Image by TradingView

The rate of XRP is looking weak after a failed attempt to fix above the $0.54 zone. Until that happens, one can expect a further correction to the vital area of $0.50.

XRP is trading at $0.5183 at press time.

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