Finder’s crypto experts turn bullish on Bitcoin and Ethereum
Our crypto prediction panel has shifted on all cryptocurrencies they track from overall bearish to bullish and neutral.
After Bitcoin reached the $35,000 support level last week, it saw a 15% rally in only one day and got back to $45,000.
With the war in Ukraine and subsequent economic sanctions against Russia, Bitcoin saw rising demand in these two countries this week. Some of the moves higher could be attributed to the conflict. But eBay also announced it will soon start accepting crypto payments as another catalyst for the wider adoption of cryptocurrencies.
At about the same time, Finder’s crypto prediction panel shifted to overall bullish on Bitcoin, Ether and Dogecoin from bearish in the most recent survey with outlook through the week of March 14.
Finder’s cryptocurrency prediction panel is made of 15 experts in the field. Each week, five of them rotate to share their predictions for the following two weeks on six major cryptocurrencies.
Bitcoin trying to push past the resistance zone
Over the past seven days, Bitcoin and the largest altcoins traded mostly sideways, with the last three days turning into a sharp rally. Most top 10 cryptocurrencies by market cap made double-digit gains in the last seven days.
Bitcoin is now approaching $45,000, which is a strong resistance zone to keep an eye on. A break higher would open up the way to $50,000 and potentially higher.
Finder’s experts shifted toward bullish sentiment overall
In the previous week, our crypto expert panel was dominantly bearish in all six cryptocurrencies it tracks. This week, the sentiment changed, with the panel bullish now on three cryptocurrencies and neutral on three.
Bitcoin (BTC) is back to having an overall bullish sentiment, a move from overall bearish sentiment last week. Two bullish panelists oppose one bearish for the week ahead.
Sentiment on Ethereum (ETH) shifted to bullish, while last week it was bearish. It now stands at three panelists with a bullish outlook on Ether for the upcoming week and two bearish. Last week, four panelists had bearish sentiment.
Sentiment on Dogecoin (DOGE) turned bullish overall, a strong shift from several weeks of continuous bearish sentiment. This week we have two bullish experts versus one bearish, a move from four bearish experts last week.
The view of Litecoin (LTC) turned neutral from bearish. This is the first upgrade on Litecoin in weeks with two bullish and two bearish panelists. Last week, four bearish panelists opposed one bullish.
The experts moved to neutral sentiment on Ripple (XRP) as well, with two bullish experts opposing two bearish.
Solana (SOL) turned neutral as opposed to the dominating bearish sentiment last week. Instead of three bearish experts from last week, we now have only two, with two bullish experts.
Finder’s experts hold long-term bullish sentiment on Bitcoin
Finder asked 33 fintech specialists in January to offer price predictions for Bitcoin by year’s end. Most of them believe Bitcoin will hit all-time highs at the end of 2022.
To learn more about our panel’s outlook on cryptocurrency prices, start with our Bitcoin price prediction page, then see our price prediction pages on Ethereum, Solana, Litecoin, Ripple and Dogecoin.
At the time of publication, Kliment Dukovski owned Bitcoin, Ether and Solana
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