14-day crypto predictions: Slightly bullish on Bitcoin, now slightly bearish on Ripple and Solana
Our crypto prediction panel turns slightly bearish overall on six popular cryptocurrencies through the week of May 9.
Bitcoin is back below $40,000, pulling most altcoins down with it. The reason for breaking this major price support zone is Fed’s increasing hawkish stance on inflation. With interest rates likely going up by half a percentage point in the next Federal Open Market Committee (FOMC) meeting in May, chances are it may take a while before we see a significant move above $45,000.
Finder’s crypto prediction panel remained slightly bullish on Bitcoin in the most recent survey looking out through the week of May 9.
Finder’s cryptocurrency prediction panel comprises 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 slightly bearish overall
Our experts are now slightly bearish on six popular cryptocurrencies, a move from bearish sentiment last week. The only exception is Bitcoin.
Where our crypto prediction panel stands
|This week||Last week|
|Bitcoin||Slightly bullish||Slightly bullish|
|Ethereum||Slightly bearish||Slightly bearish|
The panel’s outlook on Bitcoin (BTC) is slightly bullish, the same as the week before. The price of Bitcoin remains below $40,000. We need to see the price push above $40,000 and hold if we are to see continuation of Bitcoin’s long-term bull trend.
The panel’s verdict on Ethereum (ETH) is slightly bearish, the same as the week before. Ether is now trading below $3,000, aiming at $2,500 as the next target.
The panel’s outlook on Dogecoin (DOGE) is bearish, the same as the week before. DOGE tried twice this month to push past $0.175, and it failed both times. Until it can break this price point, DOGE may keep trading sideways.
The panel’s prediction on Litecoin (LTC) is slightly bearish, a change from the week before when it was bearish. LTC is trading back at $100, which is a strong support price level. A break below could point to further losses.
The panel’s outlook on Ripple (XRP) is slightly bearish, a change from the week before when it was bearish. XRP failed to break above $0.8 this month, meaning we could see a move lower to test previous lows of $0.6.
The panel’s verdict on Solana (SOL) is slightly bearish, a change from the week before when it was bearish. Solana trades around $100 for the past couple weeks. A decisive move below will target $80. But if SOL remains above $100, it could try to test April’s high of $140 in the weeks to come.
Finder’s experts hold long-term bullish sentiment on Bitcoin
Finder asked 33 fintech specialists in April to offer price predictions for Bitcoin by year’s end. The majority predict Bitcoin will test previous 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.
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