14-day crypto predictions: Slightly bullish on Bitcoin, now bearish on Ripple and Litecoin
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Our crypto prediction panel remains slightly bearish overall on six popular cryptocurrencies through the week of May 16.
Bitcoin trades in a narrow range of between $37,500 and $39,000 as traders and investors await Fed’s interest rate decision. A larger move in either direction will most likely depend on the interest rate and how frequently the Fed will increase it in the months to come.
Finder’s crypto prediction panel remained slightly bullish on Bitcoin in the most recent survey looking out through the week of May 16.
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 remain slightly bearish overall
Our experts are slightly bearish on six popular cryptocurrencies, retaining the sentiment from last week. The only exception again is Bitcoin.
Where our crypto prediction panel stands
|This week||Last week|
|Bitcoin||Slightly bullish||Slightly bullish|
|Ethereum||Slightly bearish||Slightly bearish|
|Solana||Slightly bearish||Slightly bearish|
|Overall||Slightly bearish||Slightly bearish|
The panel’s outlook on Bitcoin (BTC) is slightly bullish, the same as the week before. Bitcoin still trades below $40,000. This could change depending on Fed’s interest rate decision and how the markets will react to that.
The panel’s verdict on Ethereum (ETH) is slightly bearish, the same as the week before. Ether is bounced off $2,750, a strong support zone. But further moves will likely be locked to Bitcoin’s moves.
The panel’s outlook on Dogecoin (DOGE) is slightly bearish, a change from the week before when it was bearish. DOGE is still holding above $0.125.
The panel’s prediction on Litecoin (LTC) is bearish, a change from the week before when it was slightly bearish. LTC briefly traded below $100 but is now back above it. This is a major support zone that has to hold if we are to see a move higher.
The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was slightly bearish. XRP bounced off $0.6, a strong support zone. If this price holds, the next level to keep an eye out for is $0.7.
The panel’s verdict on Solana (SOL) is slightly bearish, the same as the week before. Solana entered the price range of between $80 and $90. The drop was caused by Solana’s recent blackout when the network was out for seven hours. Similar to most altcoins, further SOL moves depend on Bitcoin.
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.