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

Posted: 5 October 2022 12:06 pm

Our crypto prediction panel remains slightly bearish overall on 6 popular cryptocurrencies through the week of 17 October.

Bitcoin trades around $20,000 (£17,550) after weeks of trading below this level. Holding this key support price opens the way toward $21,000 and $23,000. 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 17 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 remain slightly bearish

Our experts are slightly bearish on 6 popular cryptocurrencies, the same as last week.

Where our crypto prediction panel stands

This weekLast week
BitcoinSlightly bullishNeutral
EthereumSlightly bullishSlightly bullish
LitecoinSlightly bearishSlightly bearish
XRPSlightly bearishSlightly 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 neutral. Bitcoin is trading at $20,000. This means we could see a move to $21,000 soon. However, the downward pressure remains and this could be a bull trap.

The panel’s verdict on Ethereum (ETH) is slightly bullish, the same as the week before. Ether held above $1,250, which is a major support zone. This could help push the price to $1,500.

The panel’s outlook on Dogecoin (DOGE) is bearish, the same as the week before. DOGE trades at $0.065 after trading lower for the past two weeks. This means DOGE could make an attempt at $0.07. However, the current price stands at a strong resistance level and breaking higher may prove difficult.

The panel’s verdict on Litecoin (LTC) is slightly bearish, the same as the week before. LTC trades at $54. A break above $55 is required if we are to see LTC at $60.

The panel’s outlook on Ripple (XRP) is slightly bearish, the same as the week before. XRP trades at $0.48. Its next resistance level stands at $0.5.

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 level could push the price for 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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