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

Posted: 11 August 2022 7:19 am
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Our crypto prediction panel remains neutral overall on six popular cryptocurrencies through the week of August 22.

Bitcoin trades close to $25,000 after successfully holding the previous support level of $23,000. Macroeconomic factors still weigh down on the crypto market, meaning we need a strong catalyst to push the price past $25,000.

Finder’s crypto prediction panel turned bullish on Bitcoin in the most recent survey looking out through the week of August 22.

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 remain neutral

Our experts are neutral on six popular cryptocurrencies, the same as last week.

Where our crypto prediction panel stands

This weekLast week
BitcoinBullishSlightly bullish
EthereumBullishBullish
DogecoinSlightly bearishSlightly bearish
LitecoinSlightly bearishNeutral
XRPSlightly bearishBearish
SolanaSlightly bullishSlightly bearish
OverallNeutralNeutral

The panel’s outlook on Bitcoin (BTC) is bullish, a change from the week before when it was slightly bullish. With inflation numbers cooling, Bitcoin attempts to push through $25,000. Failing to break this level means we could see BTC back at $23,000. Otherwise, $27,500 is the next target.

The panel’s verdict on Ethereum (ETH) is bullish, the same as the week before. Ether trades above $1,800 and $2,000 is the next target. A break over this level requires a major catalyst, though.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, the same as the week before. DOGE trades at $0.07. Its next resistance level is $0.075.

The panel’s verdict on Litecoin (LTC) is slightly bearish, a change from the week before when it was neutral. LTC trades above $60. The next target is $70.

The panel’s outlook on Ripple (XRP) is slightly bearish, a change from the week before when it was bearish. XRP failed to break through $0.4 once again. If Bitcoin moves above $25,000, we could see XRP take out $0.4.

The panel’s verdict on Solana (SOL) is slightly bullish, a change from the week before when it was slightly bearish. SOL still trades in a narrow range of between $35 and $45. However, a break above $45 seems likely, especially if BTC conquers $25,000.

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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