14-day crypto predictions: As cryptocurrencies lose steam, sentiment shifts to slightly bearish on Bitcoin

Posted: 2 September 2022 10:03 am
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Our crypto prediction panel turns bearish overall on six popular cryptocurrencies through the week of September 12.

Bitcoin holds at $20,000, which is a major price level. The market needs a strong catalyst to push the price in either direction. Macroeconomic factors weigh down on crypto, meaning we could see a move lower or prolonged sideways trading until conditions improve for another bull run.

Finder’s crypto prediction panel turned slightly bearish on Bitcoin in the most recent survey looking out through the week of September 12.

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 sentiment was neutral.

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bearishSlightly bullish
EthereumSlightly bearishSlightly bullish
DogecoinBearishSlightly bearish
LitecoinSlightly bearishSlightly bullish
XRPBearishBearish
SolanaSlightly bearishNeutral
OverallBearishNeutral

The panel’s outlook on Bitcoin (BTC) is slightly bearish, a change from the week before when it was slightly bullish. Bitcoin dropped to $20,000 after Jerome Powell’s speech at Jackson Hole. A push lower paves the way toward $18,500. However, BTC stands at a strong support price level and technical indicators flash “oversold”, meaning we could see a move to $21,000 soon.

The panel’s verdict on Ethereum (ETH) is slightly bearish, a change from the week before when it was slightly bullish. Ether trades around $1,600. This means we could see an attempt at $1,750 soon if ETH breaks $1,600. Otherwise, the next target is $1,500.

The panel’s outlook on Dogecoin (DOGE) is bearish, a change from the week before when it was slightly bearish. DOGE trades at $0.06 after failing to hold $0.075. If the price holds, we could see another attempt at $0.075 in the coming weeks. Otherwise, $0.05 is the next target.

The panel’s verdict on Litecoin (LTC) Litecoin is slightly bearish, a change from the week before when it was slightly bullish. LTC trades below $60. If it fails to break through, we could see LTC down at $53.

The panel’s outlook on Ripple (XRP) is bearish, the same as the week before. XRP trades at $0.33 with a strong downward pressure. Unless Bitcoin moves higher and pulls most cryptocurrencies with it, we could see XRP at $0.3.

The panel’s verdict on Solana (SOL) is slightly bearish, a change from the week before when it was neutral. SOL managed to hold $30. This is a strong resistance level, but if it fails to push above $35 soon, we could see a drop to $25.

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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