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

Posted: 9 September 2022 12:47 pm
News

Our crypto prediction panel turns slightly bearish overall on 6 popular cryptocurrencies through to the week of 19 September.

Bitcoin dropped to $18,500 (£15,894.18), which is a strong support level, but quickly rebounded to $19,500. Macroeconomic factors weigh down on crypto, meaning we could see a continuation of the move lower or we could see prolonged sideways trading until conditions improve for another bull run.

Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of 19 September.

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.

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

Finder’s experts turn slightly bearish

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

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bullishSlightly bearish
EthereumSlightly bullishSlightly bearish
DogecoinSlightly bearishBearish
LitecoinBearishSlightly bearish
XRPSlightly bearishBearish
SolanaSlightly bullishSlightly bearish
OverallSlightly bearishBearish

The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was slightly bearish. Bitcoin dropped to $18,500. This is a major price level where we could see a bounce back to $20,000. But if the price fails to hold, $18,000 is the next target.

The panel’s verdict on Ethereum (ETH) is slightly bullish, a change from the week before when it was slightly bearish. Ether trades above $1,600, meaning we could see a move up to $1,750 soon.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, a change from the week before when it was bearish. DOGE trades at $0.06 after failing to hold $0.075. We could see another attempt at $0.075 in the coming weeks, especially if BTC moves higher. Otherwise, $0.05 is the next target.

The panel’s verdict on Litecoin (LTC) is bearish, a change from the week before when it was slightly bearish. LTC trades below $60 once again. It must break this price level or it will likely drop to $53.

The panel’s outlook on Ripple (XRP) is slightly bearish, a change from the week before when it was bearish. XRP trades at $0.33. The 2 levels to watch are $0.355 and $0.3.

The panel’s verdict on Solana (SOL) is slightly bullish, a change from the week before when it was slightly bearish. SOL bounced off of $30 and it may target $35 next. A break above this price level opens the way toward $40.

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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