14-day crypto predictions: As cryptocurrencies trade sideways, sentiment shifts to neutral on Ethereum and Solana
Our crypto prediction panel remains slightly bearish overall on six popular cryptocurrencies through the week of July 18.
Bitcoin trades around $20,000 after trading lower recently. Rising inflation and high-interest rates still weigh on cryptocurrencies. This could start to change if inflation numbers come lower next week.
Finder’s crypto prediction panel remained slightly bearish on Bitcoin in the most recent survey looking out through the week of July 18.
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 slightly bearish
Our experts are slightly bearish on six popular cryptocurrencies, the same as last week.
Where our crypto prediction panel stands
| This week | Last week | |
|---|---|---|
| Bitcoin | Slightly bearish | Slightly bearish |
| Ethereum | Neutral | Slightly bearish |
| Dogecoin | Slightly bearish | Bearish |
| Litecoin | Slightly bearish | Slightly bearish |
| XRP | Bearish | Bearish |
| Solana | Neutral | Slightly bearish |
| Overall | Slightly bearish | Bearish |
The panel’s outlook on Bitcoin (BTC) is slightly bearish, the same as the week before. Bitcoin trades at $20,000, which has shown to be a strong support zone. The downward pressure remains, however, and we may see another test of recent lows.
The panel’s verdict on Ethereum (ETH) is neutral, a change from the week before when it was slightly bearish. Ether is trading between $1,000 and $1,200, but a break lower could open the way to $800 next.
The panel’s outlook on Dogecoin (DOGE) is slightly bearish, a change from the week before when it was bearish. DOGE trades at around $0.07. Where it goes next will likely depend on Bitcoin.
The panel’s prediction on Litecoin (LTC) is slightly bearish, the same as the week before. LTC holds around $50 but with heavy downward pressure. A break of this number means $40 may be next.
The panel’s outlook on Ripple (XRP) is bearish, the same as the week before. XRP holds above $0.3, but if BTC drops significantly below $20,000, XRP will likely follow lower.
The panel’s verdict on Solana (SOL) is neutral, a change from the week before when it was slightly bearish. SOL trades between $30 and $40. Similar to most cryptocurrencies, the next move will likely depend on where Bitcoin goes.
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 owns cryptocurrencies.
