14-day crypto predictions: As crypto plunges, sentiment turns bearish on Bitcoin, Solana, Ethereum and Dogecoin
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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 week | Last week | |
|---|---|---|
| Bitcoin | Slightly bearish | Slightly bullish |
| Ethereum | Bearish | Slightly bullish |
| Dogecoin | Bearish | Slightly bullish |
| Litecoin | Bearish | Neutral |
| XRP | Bearish | Neutral |
| Solana | Slightly bearish | Slightly bullish |
| Overall | Bearish | Slightly 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.
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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.
