14-day crypto predictions: As crypto plunges, sentiment turns bearish on Bitcoin, Solana, Ethereum and Dogecoin

Posted: 15 June 2022 6:19 am
News
CryptocurrencyCoins_Supplied_1800x1000 (1)

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.

Our crypto prediction panel turns bearish overall on six popular cryptocurrencies through the week of June 27.

Bitcoin trades close to $20,000 as inflation continues to rise. This may cause the Federal Reserve to raise interest rates higher than previously planned, which will negatively affect riskier assets including cryptocurrencies.

Finder’s crypto prediction panel turned slightly bearish on Bitcoin in the most recent survey looking out through the week of June 27.

Finder’s cryptocurrency prediction panel comprises 15 experts in the field. Five of them rotate to share their predictions for the following two weeks on six major cryptocurrencies each week.

Finder’s experts turn bearish overall

Our experts are bearish on six popular cryptocurrencies, a change from last week when they were slightly bullish.

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bearishSlightly bullish
EthereumBearishSlightly bullish
DogecoinBearishSlightly bullish
LitecoinBearishNeutral
XRPBearishNeutral
SolanaSlightly bearishSlightly bullish
OverallBearishSlightly bullish

The panel’s outlook on Bitcoin (BTC) is slightly bearish, a change from the week before when it was slightly bullish. Bitcoin dropped to $20,000, a new low this year. This is a strong support zone, which may hold the price. The downward pressure remains, though, and we may see a drop to $17,500, especially if the Fed raise interest rates by 0.75% instead of 0.50% on Wednesday.

The panel’s verdict on Ethereum (ETH) is bearish, a change from the week before when it was slightly bullish. Ether is trading closer to $1,000. If this level fails to hold, we may see Ether trading at $600 in the near future.

The panel’s outlook on Dogecoin (DOGE) is bearish, a change from the week before when it was slightly bullish. DOGE trades at around $0.05 now. If BTC fails to hold $20,000, we may see further losses.

The panel’s prediction on Litecoin (LTC) is bearish, a change from the week before when it was neutral. LTC holds at $40, which is a strong support zone. Any further moves will depend on what Bitcoin does next.

The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was neutral. XRP trades around $0.3, a move lower opens the way to $0.2.

The panel’s verdict on Solana (SOL) is slightly bearish, a change from the week before when it was slightly bullish. SOL trades for around $25. Its next support zone hovers between $20 and $21, a price target that we may see fulfilled soon if Bitcoin doesn’t hold $20,000.

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.

Trying to get a handle on the markets? Cut through the noise with our overview of the best cryptos to buy right now, explore some strategies for how to trade crypto or see if there's a better platform for you with our guide to the best crypto exchanges.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

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