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

Posted: 26 September 2022 9:37 am
News

Our crypto prediction panel remains slightly bearish overall on 6 popular cryptocurrencies through the week of 3 October.

Bitcoin was trading on Friday at $19,000 (£17,690.14). This opens the way toward $18,500 and $17,500 unless Bitcoin returns above $20,000 soon. Macroeconomic factors weigh heavily on riskier assets and the weakness in crypto may last for the foreseeable future.

Despite that, Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of 3 October.

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 are slightly bearish

Our experts are a mixture of slightly bullish and slightly bearish on 6 popular cryptocurrencies, a slight shift from last week.

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bullishSlightly bearish
EthereumSlightly bullishNeutral
DogecoinSlightly bearishSlightly bearish
LitecoinSlightly bearishSlightly bearish
XRPBearishSlightly bearish
SolanaSlightly bearishSlightly bearish
OverallSlightly bearishSlightly bearish

The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was slightly bearish. Bitcoin is trading below $20,000. This means we could see a drop to $18,500 soon unless the price recovers above $20,000.

The panel’s verdict on Ethereum (ETH) is slightly bullish, a change from the week before when it was neutral. Ether bounced off of $1,250, which is a major support zone. This could help push the price to $1,500. But a failure to hold the support means we could see ETH down at $1,000.

The panel’s outlook on Dogecoin (DOGE) is slightly bearish, the same as the week before. DOGE trades above $0.06 after trading lower for the past few days. This means DOGE could make an attempt at $0.07. But if it fails to hold at this level, $0.05 is likely to be next in the coming months.

The panel’s verdict on Litecoin (LTC) is slightly bearish, the same as the week before. LTC trades at $52. The next support price stands at $50, meaning it could bounce off from here. The next resistance price lies at $60.

The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was slightly bearish. XRP trades at $0.5. If it fails to hold above this level, we could see a pullback to $0.45 and $0.40.

The panel’s verdict on Solana (SOL) is slightly bearish, the same as the week before. SOL is stuck in a narrow trading range of between $30 and $35. A break of either of these levels could push the price to around $5 in either direction.

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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