14-day crypto predictions: As cryptocurrencies falter, sentiment shifts to neutral on Bitcoin

Posted: 17 August 2022 7:48 am
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Our crypto prediction panel turns slightly bearish overall on six popular cryptocurrencies through the week of August 29.

Bitcoin failed to push through $25,000 after several attempts. This is a major resistance level that requires a strong catalyst. Macroeconomic factors still weigh down on the crypto market and it may take a while until we see a major move higher.

Finder’s crypto prediction panel turned neutral on Bitcoin in the most recent survey looking out through the week of August 29.

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, a shift from last week when the sentiment was neutral.

Where our crypto prediction panel stands

This weekLast week
BitcoinNeutralBullish
EthereumNeutralBullish
DogecoinSlightly bearishSlightly bearish
LitecoinSlightly bearishSlightly bearish
XRPSlightly bearishSlightly bearish
SolanaSlightly bearishSlightly bullish
OverallSlightly bearishNeutral

The panel’s outlook on Bitcoin (BTC) is neutral, a change from the week before when it was bullish. Bitcoin failed to reclaim $25,000. This means we could see Bitcoin move lower to $23,000 and potentially $21,000.

The panel’s verdict on Ethereum (ETH) is neutral, a change from the week before when it was bullish. Ether trades close to $1,900 after it failed to take $2,000. We could see the price retreat to $1,750 if it fails to move above $2,000 and hold there.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, the same as the week before. DOGE trades at $0.084 after clearing $0.075 through multiple attempts. The next level to watch is $0.09.

The panel’s verdict on Litecoin (LTC) is slightly bearish, the same as the week before. LTC trades above $60 throughout the month of August. The next target is $70, but this would likely require Bitcoin to clear $25,000.

The panel’s outlook on Ripple (XRP) is slightly bearish, the same as the week before. XRP failed to break through $0.4 once again. It needs a strong catalyst to break this level.

The panel’s verdict on Solana (SOL) is slightly bearish, a change from the week before when it was slightly bullish. 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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