Finder’s crypto experts turn bearish on popular cryptocurrencies

Posted: 24 February 2022 6:00 am
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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.

Interested in cryptocurrency? Learn more about the basics with our beginner's guide to Bitcoin, dive deeper by learning about Ethereum and see what blockchain can do with our simple guide to DeFi.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

At the time of publication, Kliment Dukovski owned Bitcoin, Ether and Solana.

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