14-day crypto predictions: As cryptocurrencies hold steady, sentiment shifts to slightly bullish on Bitcoin
Our crypto prediction panel remains slightly bearish overall on six popular cryptocurrencies through the week of October 3.
Bitcoin trades at $19,000. This opens the way toward $18,500 and $17,500 unless Bitcoin returns above $20,000 soon. Macroeconomic factors weigh heavily on riskier assets and the weakness in crypto may last for the foreseeable future.
Despite that, Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of October 3.
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||Slightly bearish|
|Dogecoin||Slightly bearish||Slightly bearish|
|Litecoin||Slightly bearish||Slightly bearish|
|Solana||Slightly bearish||Slightly bearish|
|Overall||Slightly bearish||Slightly bearish|
The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was slightly bearish. Bitcoin is trading below $20,000. This means we could see a drop to $18,500 soon unless the price recovers above $20,000.
The panel’s verdict on Ethereum (ETH) is slightly bullish, a change from the week before when it was neutral. Ether bounced off of $1,250, which is a major support zone. This could help push the price to $1,500. But a failure to hold the support means we could see ETH down at $1,000.
The panel’s outlook on Dogecoin (DOGE) is slightly bearish, the same as the week before. DOGE trades above $0.06 after trading lower for the past few days. This means DOGE could make an attempt at $0.07. But if it fails to hold at this level, $0.05 is likely to be next in the coming months.
The panel’s verdict on Litecoin (LTC) is slightly bearish, the same as the week before. LTC trades at $52. The next support price stands at $50, meaning it could bounce off from here. The next resistance price lies at $60.
The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was slightly bearish. XRP trades at $0.5. If it fails to hold above this level, we could see a pullback to $0.45 and $0.40.
The panel’s verdict on Solana (SOL) is slightly bearish, the same as the week before. SOL is stuck in a narrow trading range of between $30 and $35. A break of either of these level could push the price for around $5 in either direction.
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.
At the time of publication, Kliment Dukovski owns cryptocurrencies.