14-day crypto predictions: As cryptocurrencies hold their ground, sentiment shifts to bullish on Bitcoin
Our crypto prediction panel turns bullish overall on 6 popular cryptocurrencies through the week of 14 November.
Bitcoin held steady above $20,000 (£17,659) after weeks of trading below this key price level. This helped most cryptocurrencies hold their ground as stocks tumbled. However, macroeconomic factors still weigh heavily on riskier assets and the weakness in crypto may last until the Federal Reserve policy starts to shift.
Finder’s crypto prediction panel turned bullish on Bitcoin in the most recent survey looking out through the week of 14 November.
Finder’s 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 bullish
Our experts are bullish on 6 popular cryptocurrencies, a shift from last week when the sentiment was slightly bullish. This is the first time in the past few months that we are seeing an overall bullish sentiment.
Where our crypto prediction panel stands
| This week | Last week | |
|---|---|---|
| Bitcoin | Bullish | Slightly bullish |
| Ethereum | Very bullish | Bullish |
| Dogecoin | Slightly bullish | Neutral |
| Litecoin | Slightly bullish | Neutral |
| XRP | Bullish | Slightly bullish |
| Solana | Bullish | Slightly bullish |
| Overall | Bullish | Slightly bullish |
The panel’s outlook on Bitcoin (BTC) is bullish, a change from the week before when it was slightly bullish. Bitcoin trades above $20,000. Its current resistance level stands at $21,000. A break of this level opens the way toward $23,000.
The panel’s verdict on Ethereum (ETH) is very bullish, a change from the week before when it was bullish. Ether trades above $1,500. If the price holds, we could see an attempt at $1,750 next.
The panel’s outlook on Dogecoin (DOGE) is slightly bullish, a change from the week before when it was neutral. DOGE traded as high as $0.150 following Elon Musk’s acquisition of Twitter. This move is likely to be pure speculation and the price could return to $0.1 soon.
The panel’s verdict on Litecoin (LTC) is slightly bullish, a change from the week before when it was neutral. LTC trades above $65. Its major resistance level stands at $70 now.
The panel’s outlook on Ripple (XRP) is bullish, a change from the week before when it was slightly bullish. XRP trades at $0.49 after it failed to push past $0.50. This means we could see another drop to $0.45 unless XRP clears $0.50.
The panel’s verdict on Solana (SOL) is bullish, a change from the week before when it was slightly bullish. SOL trades at $32. Its current resistance level lies at $35. A break of this level opens the way toward $40 next.
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.
