Finder’s crypto experts turn bearish on popular cryptocurrencies
Our crypto prediction panel is now overall bearish on six popular cryptocurrencies — including Bitcoin, Ethereum and Solana — for the upcoming two weeks.
With recent geopolitical risks hanging over most markets, Bitcoin led a broad move lower from a peak at US$45,000 this month down to US$36,000. This pulled most altcoins down with it.
At about the same time, Finder's crypto prediction panel shifted to bearish from bullish on six popular cryptocurrencies, including Bitcoin, Ethereum and Solana, in the most recent survey looking out through the week of March 3.
Finder's cryptocurrency prediction panel is made of 15 experts in the field. Each week, five of them rotate to share their predictions for the following two weeks on six major cryptocurrencies.
Bitcoin back to where it started the month
Over the past seven days, Bitcoin (BTC) along with the largest altcoins traded lower. The main concern was the potential Russian invasion in Ukraine and rising oil prices due to war escalation.
Overall, Bitcoin is back to a US$38,000 value, the same price it started the month of February.
Finder's experts shifted toward bearish sentiment overall
In the previous week, our panel of crypto experts was dominantly bullish in four out of six cryptocurrencies. This week, the sentiment changed, with the panel bearish now on all six.
Bitcoin is back to having an overall bearish sentiment, a move from overall bullish sentiment last week. Three bearish panelists oppose two bullish for the week ahead.
Sentiment on Ethereum (ETH) shifted to bearish, while last week it was bullish. It now stands at four panelists with a bearish outlook on Ether for the upcoming week, a move from three bullish and two bearish before.
Sentiment on Dogecoin (DOGE) remains bearish overall, the same as the previous week. But unlike the one expert with a bullish sentiment then, we now have one who is neutral on Dogecoin's outlook for the week ahead and four with a bearish sentiment.
The view of Litecoin (LTC) is dominantly bearish, similar to the previous week, with one expert having a bullish sentiment. This is a downgrade from the two bullish last week.
The experts moved to bearish sentiment on Ripple (XRP), a move from last week's neutral sentiment.
Solana (SOL) turned bearish, as opposed to the dominating bullish sentiment last week. Instead of three bullish experts from last week, we now have only one.
Finder's experts hold long-term bullish sentiment on Bitcoin
Finder asked 33 fintech specialists in January to offer price predictions for Bitcoin by year's end. Most of them believe Bitcoin will make new all-time highs at the end of 2022.
To learn more about our experts' outlooks on cryptocurrency prices, start with our Bitcoin price prediction article, then see our price prediction pages on Ethereum and Solana.
At the time of publication, Kliment Dukovski owned Bitcoin, Ether and Solana.