14-day crypto predictions: Slightly bearish on Bitcoin and Solana, bearish on Ethereum and Dogecoin
Finder’s crypto prediction panel turns bearish overall on 6 popular cryptocurrencies through to the week of 27 June.
Bitcoin trades close to $20,000 (£16,517) as inflation continues to rise. This may cause the US Federal Reserve to raise interest rates higher than previously planned, which will negatively affect riskier assets including cryptocurrencies.
Finder’s crypto prediction panel turned slightly bearish on Bitcoin in the most recent survey looking out as far as the week of 27 June.
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 overall
Our experts are bearish on 6 popular cryptocurrencies, a change from last week when they were slightly bullish.
Where our crypto prediction panel stands
|This week||Last week|
|Bitcoin||Slightly bearish||Slightly bullish|
|Solana||Slightly bearish||Slightly bullish|
The panel’s outlook on Bitcoin (BTC) is slightly bearish – a change from the week before when it was slightly bullish. Bitcoin dropped to $20,000, a new low this year. This is a strong support zone, which may hold the price. The downward pressure remains, though, and we may see a drop to $17,500, especially if the Fed raises interest rates by 0.75% instead of 0.50% on Wednesday.
The panel’s verdict on Ethereum (ETH) is bearish – a change from the week before when it was slightly bullish. Ether is trading closer to $1,000. If this level fails to hold, we may see Ether trading at $600 in the near future.
The panel’s outlook on Dogecoin (DOGE) is bearish, which is a change from the week before when it was slightly bullish. DOGE trades at around $0.05 now. If BTC fails to hold $20,000, we may see further losses.
The panel’s prediction on Litecoin (LTC) is bearish – again, a change from the week before when it was neutral. LTC holds at $40, which is a strong support zone. Any further moves will depend on what Bitcoin does next.
The panel’s outlook on Ripple (XRP) is bearish – also a change from the week before when it was neutral. XRP trades around $0.3, a move lower opens the way to $0.2.
The panel’s verdict on Solana (SOL) is slightly bearish, which is a change from the week before when it was slightly bullish. SOL trades for around $25. Its next support zone hovers between $20 and $21, a price target that we may see fulfilled soon if Bitcoin doesn’t hold $20,000.
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.