14-day crypto predictions: Slightly bearish on Bitcoin, Solana and Ripple

Posted: 13 April 2022 11:31 am
BitcoinCoins_Supplied_1800x1000 (1)

Our crypto prediction panel turns bearish overall on six popular cryptocurrencies through the week of April 25.

After Bitcoin plunged back below the $45,000 price support level, the psychological $40,000 price turned into a target. The cryptocurrency pierced if briefly, and now it’s something of a battleground.

A support level is a price where buy orders tend to outweigh sell orders; if that breaks, a coin can fall significantly. So if the Bitcoin price holds above $40,000, we may see a move to the next key level, $45,000. If it fails below $40,000 without bouncing, $37,000 is the next support level to watch.

Finder’s crypto prediction panel turned slightly bearish on Bitcoin and bearish overall on six popular cryptocurrencies in the most recent survey looking out through the week of April 25.

Finder’s cryptocurrency prediction panel is made up of 15 experts in the field. Each week, five of them rotate to share their predictions for the following two weeks on six major cryptocurrencies.

Finder’s experts turn bearish overall

Our experts turned bearish from slightly bullish on six popular cryptocurrencies. We don’t have a single cryptocurrency out of the six with a bullish sentiment this week, a huge shift since last week.

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bearishVery bullish
DogecoinBearishSlightly bullish
LitecoinVery bearishNeutral
XRPSlightly bearishSlightly bullish
SolanaSlightly bearishBullish
OverallBearishSlightly bullish

The panel’s outlook on Bitcoin (BTC) is slightly bearish, a change from the week before when it was very bullish. Bitcoin’s price pulled back, mostly because of the high inflation numbers and the expectation of more aggressive policies by the Federal Reserve.

The panel’s verdict on Ethereum (ETH) is bearish, a change from the week before when it was bullish. After bouncing off the $3,500 price level, the price pulled back to $3,200 and then to $3,000. A break below this level opens up $2,500 as the next target.

The panel’s outlook on Dogecoin (DOGE) is bearish, a change from the week before when it was slightly bullish. DOGE failed to push above $0.175, it pulled back to $0.15 and now moves lower. The next support zone to watch is $0.13.

The panel’s prediction on Litecoin (LTC) is very bearish, a change from the week before when it was neutral. LTC dropped from $125 to almost $100, which is its support level.

The panel’s outlook on Ripple (XRP) is slightly bearish, a change from the week before when it was slightly bullish. XRP needs to hold its $0.7 price level if we are to see more gains. Otherwise, $0.6 would be the next target.

The panel’s verdict on Solana (SOL) is slightly bearish, a change from the week before when it was bullish. Solana was one of the top performers for the last two weeks after OpenSea integrated the network. However, it failed to keep the gains and pulled back to the $100 support level.

Finder’s experts hold long-term bullish sentiment on Bitcoin

Finder asked 33 fintech specialists in January to offer price predictions for Bitcoin by year’s end. The majority predict Bitcoin will reach all-time highs at the end of 2022.

To learn more about our experts’ outlooks on cryptocurrency prices, start with our Bitcoin price prediction page, then see our price prediction pages on Ethereum, Solana, Litecoin, Ripple and Dogecoin.

At the time of publication, Kliment Dukovski owned several cryptocurrencies.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Ask an Expert

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site