14-day crypto predictions: As cryptocurrencies hold their ground, sentiment shifts to slightly bullish on Bitcoin
Our crypto prediction panel remains slightly bearish overall on six popular cryptocurrencies through the week of September 5.
Bitcoin trades at $21,000, keeping most cryptocurrencies afloat. Market participants await the next catalyst, which is going to impact the price of crypto. However, macroeconomic factors still weigh down on riskier assets, meaning it could take months before we see a meaningful move higher.
Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of September 5.
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 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 bullish | Neutral |
| Ethereum | Slightly bullish | Neutral |
| Dogecoin | Bearish | Slightly bearish |
| Litecoin | Slightly bullish | Slightly bearish |
| XRP | Bearish | Slightly bearish |
| Solana | Neutral | Slightly bullish |
| Overall | Slightly bearish | Slightly bearish |
The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was neutral. Bitcoin dropped to $21,000 after failing to reclaim $25,000. This price has to hold if we are to see another attempt higher.
The panel’s verdict on Ethereum (ETH) is slightly bullish, a change from the week before when it was neutral. Ether trades at $1,600 after it failed to push past $2,000. This price level isn’t out of reach, given we’re moving closer to the Merge date.
The panel’s outlook on Dogecoin (DOGE) is bearish, a change from the week before when it was slightly bearish. DOGE trades back at its support level at $0.07. If Bitcoin moves to $25,000 in the coming weeks, it may pull DOGE at $0.09 with it.
The panel’s verdict on Litecoin (LTC) is slightly bullish, a change from the week before when it was slightly bearish. LTC trades at $57 after it failed to move past $65. This means we could see LTC drop back to $50 unless BTC moves higher.
The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was slightly bearish. XRP dropped to $0.33. This means we could see the price drop to $0.325 next.
The panel’s verdict on Solana (SOL) is neutral, a change from the week before when it was slightly bearish. SOL trades in a narrow range of between $35 and $45 for more than a month. It now stands at $35, its support level, meaning it could bounce to $40 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.
