14-day crypto predictions: As cryptocurrencies trade sideways, sentiment shifts to neutral on Ethereum and Solana

Posted: 6 July 2022 1:59 pm

Our crypto prediction panel turns slightly bearish overall on six popular cryptocurrencies through the week of July 18.

Bitcoin trades around $20,000 (£16,827) after trading lower recently. Rising inflation and high-interest rates still weigh on cryptocurrencies. This could start to change if inflation numbers come lower next week.

Finder’s crypto prediction panel remained slightly bearish on Bitcoin in the most recent survey looking out through the week of 18 July.

Finder’s cryptocurrency prediction panel comprises 15 experts in the field. 5 of them rotate to share their predictions for the following 2 weeks on 6 major cryptocurrencies each week.

Finder’s experts turn slightly bearish

Our experts are slightly bearish on 6 popular cryptocurrencies, the same as last week.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bearishSlightly bearish
EthereumNeutralSlightly bearish
DogecoinSlightly bearishBearish
LitecoinSlightly bearishSlightly bearish
SolanaNeutralSlightly bearish
OverallSlightly bearishBearish

The panel’s outlook on Bitcoin (BTC) is slightly bearish, the same as the week before. Bitcoin trades at $20,000, which has shown to be a strong support zone. The downward pressure remains, however, and we may see another test of recent lows.

The panel’s verdict on Ethereum (ETH) is neutral, a change from the week before when it was slightly bearish. Ether is trading between $1,000 and $1,200, but a break lower could open the way to $800 next.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, a change from the week before when it was bearish. DOGE trades at around $0.07. Where it goes next will likely depend on Bitcoin.

The panel’s prediction on Litecoin (LTC) is slightly bearish, the same as the week before. LTC holds around $50 but with heavy downward pressure. A break of this number means $40 may be next.

The panel’s outlook on Ripple (XRP) is bearish, the same as the week before. XRP holds above $0.3, but if BTC drops significantly below $20,000, XRP will likely follow lower.

The panel’s verdict on Solana (SOL) is neutral, a change from the week before when it was slightly bearish. SOL trades between $30 and $40. Similar to most cryptocurrencies, the next move will likely depend on where Bitcoin goes.

Finder’s experts hold long-term bullish sentiment on Bitcoin

Finder asked 33 fintech specialists in April to offer price predictions for Bitcoin by year’s end. The majority predict Bitcoin will test previous highs at the end of 2022.

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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