14-day crypto predictions: As market moves lower, sentiment shifts to slightly bearish on Ethereum and bearish on Solana

Posted: 13 July 2022 4:37 pm
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Our crypto prediction panel turns bearish overall on six popular cryptocurrencies through the week of July 25.

Bitcoin trades back at where it’s been stuck, around $20,000, after dipping lower recently. Rising inflation and high-interest rates still weigh on BTC and other cryptocurrencies. But the tone could start to change if inflation numbers come in lower than expected next week.

Finder’s crypto prediction panel remained slightly bearish on Bitcoin in the most recent survey looking out through the week of July 25.

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

Our experts are bearish on six popular cryptocurrencies, a shift from last week when the overall sentiment was slightly bearish.

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bearishSlightly bearish
EthereumSlightly bearishNeutral
DogecoinSlightly bearishSlightly bearish
LitecoinBearishSlightly bearish
OverallBearishSlightly bearish

The panel’s outlook on Bitcoin (BTC) is slightly bearish, the same as the week before. Bitcoin still trades at around $20,000, which has shown to be a strong support zone. With rising inflation and potentially even more aggressive interest rate hikes, the downward pressure on Bitcoin will remain within the next few months.

The panel’s verdict on Ethereum (ETH) is slightly bearish, a change from the week before when it was neutral. Ether still trades between $1,000 and $1,200, a range established mid-June. A break lower will target $800. A break higher will open the way to $1,700.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, the same as the week before. DOGE trades at around $0.06, which is a strong support price. If it fails to hold, $0.05 is the next target.

The panel’s prediction on Litecoin (LTC) is bearish, a change from the week before when it was slightly bearish. LTC trades slightly below $50. This opens the way toward $40 next.

The panel’s outlook on Ripple (XRP) is bearish, the same as the week before. XRP still holds above $0.3, but if BTC drops significantly below $20,000, XRP will likely follow.

The panel’s verdict on Solana (SOL) is bearish, a change from the week before when it was neutral. SOL still trades between $30 and $40. Any major move will likely depend on Bitcoin and where it goes next.

Finder’s experts hold long-term bullish sentiment on Bitcoin

Finder asked 33 fintech specialists in July to offer price predictions for Bitcoin by year’s end. The majority predict Bitcoin will trade for around $25,473 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.

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