14-day crypto predictions: As market moves lower, sentiment shifts to slightly bearish on Ethereum and bearish on Solana

Posted: 14 July 2022 1:09 pm

Our crypto prediction panel turns bearish overall on 6 popular cryptocurrencies through the week of 25 July.

Bitcoin trades back at where it’s been stuck, around $20,000 (£16,866.80), after dipping lower recently. Rising inflation and high-interest rates still weigh on BTC and other cryptocurrencies. But the tone could start to change if inflation drops.

Finder’s crypto prediction panel remained slightly bearish on Bitcoin in the most recent survey looking out through the week of 25 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 bearish

Our experts are bearish on 6 popular cryptocurrencies, a shift from last week when the overall sentiment was slightly bearish.

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
EthereumSlightly bearishNeutral
DogecoinSlightly bearishSlightly bearish
LitecoinBearishSlightly bearish
OverallBearishSlightly bearish

The panel’s outlook on Bitcoin (BTC) is slightly bearish, the same as the week before. Bitcoin still trades at around $20,000, which has shown to be a strong support zone. With rising inflation and potentially even more aggressive interest rate hikes, the downward pressure on Bitcoin will remain within the next few months.

The panel’s verdict on Ethereum (ETH) is slightly bearish, a change from the week before when it was neutral. Ether still trades between $1,000 and $1,200, a range established mid-June. A break lower will target $800. A break higher will open the way to $1,700.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, the same as the week before. DOGE trades at around $0.06, which is a strong support price. If it fails to hold, $0.05 is the next target.

The panel’s prediction on Litecoin (LTC) is bearish, a change from the week before when it was slightly bearish. LTC trades slightly below $50. This opens the way toward $40 next.

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

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

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.

*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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