14-day crypto predictions: As cryptocurrencies hold steady, sentiment shifts to slightly bullish on Bitcoin

Posted: 5 October 2022 5:29 am
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Our crypto prediction panel remains slightly bearish overall on six popular cryptocurrencies through the week of October 17.

Bitcoin trades at $20,000 after weeks of trading below this level. Holding this key support price opens the way toward $21,000 and $23,000. However, macroeconomic factors weigh heavily on riskier assets and the weakness in crypto may last for the foreseeable future.

Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of October 17.

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 weekLast week
BitcoinSlightly bullishNeutral
EthereumSlightly bullishSlightly bullish
LitecoinSlightly bearishSlightly bearish
XRPSlightly bearishSlightly bearish
SolanaSlightly bearishSlightly bearish
OverallSlightly bearishSlightly bearish

The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was neutral. Bitcoin is trading at $20,000. This means we could see a move to $21,000 soon. However, the downward pressure remains and this could be a bull trap.

The panel’s verdict on Ethereum (ETH) is slightly bullish, the same as the week before. Ether held above $1,250, which is a major support zone. This could help push the price to $1,500.

The panel’s outlook on Dogecoin (DOGE) is bearish, the same as the week before. DOGE trades at $0.065 after trading lower for the past two weeks. This means DOGE could make an attempt at $0.07. However, the current price stands at a strong resistance level and breaking higher may prove difficult.

The panel’s verdict on Litecoin (LTC) is slightly bearish, the same as the week before. LTC trades at $54. A break above $55 is required if we are to see LTC at $60.

The panel’s outlook on Ripple (XRP) is slightly bearish, the same as the week before. XRP trades at $0.48. Its next resistance level stands at $0.5.

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? Explore 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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