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

Posted: 31 October 2022 12:24 pm

Our crypto prediction panel turns slightly bullish overall on 6 popular cryptocurrencies through the week of 7 November.

Bitcoin finally pushed through the $20,000 (£17,330) resistance level after trading between $19,000 and $20,000 for weeks. This opens the way toward $21,000 and $23,000 respectively. However, macroeconomic factors weigh heavily on riskier assets and the weakness in crypto may last for the foreseeable future.

Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of 7 November.

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 bullish

Our experts are slightly bullish on 6 popular cryptocurrencies, a shift from last week when the sentiment was slightly bearish.
Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bullishNeutral
EthereumBullishSlightly bearish
XRPSlightly bullishSlightly bearish
SolanaSlightly bullishSlightly bearish
OverallSlightly bullishSlightly bearish

The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was neutral. Bitcoin trades above $20,000, which means we could see a move higher to $21,000 and potentially $23,000 as short sellers will get squeezed.

The panel’s verdict on Ethereum (ETH) is bullish, a change from the week before when it was slightly bearish. Ether trades above $1,500. If ETH manages to hold this level, a $1,750 would be next.

The panel’s outlook on Dogecoin (DOGE) is neutral, a change from the week before when it was bearish. After trading below $0.065 for weeks, DOGE finally pushed above this level and now targets $0.07.

The panel’s verdict on Litecoin (LTC) is neutral, a change from the week before when it was bearish. LTC pushed past $55. This opens the way toward $60 now.

The panel’s outlook on Ripple (XRP) is slightly bullish, a change from the week before when it was slightly bearish. XRP trades at $0.47. It’s interesting that XRP didn’t follow the broader crypto market higher. This means it will likely require the SEC lawsuit resolution to propel XRP in either direction.

The panel’s verdict on Solana (SOL) is slightly bullish, a change from the week before when it was slightly bearish. SOL is once again back above $30. This puts the price in the previous trading range of between $30 and $35.

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

Finder asked 53 fintech specialists in October to offer price predictions for Bitcoin by year’s end. The majority predict Bitcoin will trade for around $21,344 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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