14-day crypto predictions: As cryptocurrencies rally, sentiment shifts to slightly bullish on Bitcoin

Posted: 3 August 2022 9:49 am
News
Bitcoin digital

Our crypto prediction panel turns neutral overall on six popular cryptocurrencies through the week of August 15.

Bitcoin trades around $23,000 after successfully holding the previous support level of $21,000. However, macroeconomic factors still weigh down on the crypto market, meaning we could see another attempt lower in the coming weeks.

Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of August 15.

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 neutral

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

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bullishSlightly bearish
EthereumBullishSlightly bullish
DogecoinSlightly bearishNeutral
LitecoinNeutralSlightly bearish
XRPBearishSlightly bearish
SolanaSlightly bearishNeutral
OverallNeutralSlightly bearish

The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was slightly bearish. Bitcoin bounced off of $21,000 and pushed through $23,000. We could see a move to $25,000 if this price holds.

The panel’s verdict on Ethereum (ETH) is bullish, a change from the week before when it was slightly bullish. Ether trades in a new range of between $1,400 and $1,750. A break above means we’ll see $2,000 next.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, a change from the week before when it was neutral. DOGE trades at $0.07. Its next resistance level is $0.075.

The panel’s verdict on Litecoin (LTC) is neutral, a change from the week before when it was slightly bearish. LTC trades slightly below $60. A break above this number opens the way toward $70 next. Otherwise, we may see the price test $50 once again.

The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was slightly bearish. XRP failed to break through $0.4. That’s still a target, especially if Bitcoin moves to $25,000 soon.

The panel’s verdict on Solana (SOL) is slightly bearish, a change from the week before when it was neutral. SOL still trades in a narrow range of between $35 and $45.

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.

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 owns cryptocurrencies.

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