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14-day crypto price prediction: As Bitcoin fights to stay above US$20,000, sentiment is solidly bearish

Posted: 23 June 2022 3:12 am
News
BitcoinsPlacedAgainstWhiteBackground_GettyImages_1800x1000 (1)

Our crypto prediction panel remains bearish overall on six popular cryptocurrencies through the week of July 4.

Bitcoin has dropped below the key US$20,000 level at times over the past week, after the latest Federal Reserve rate hike and with increasing worries those moves will lead to recession fueling volatility.

A lasting break below might mean another leg down for the biggest crypto, and this far other cryptos have mostly followed Bitcoin's lead.

Finder's crypto prediction panel turned fully bearish on Bitcoin in the most recent survey looking out through the week of July 4, from slightly bearish.

Finder's cryptocurrency prediction panel comprises 15 experts in the field. Five of them rotate to share their predictions for the following two weeks on six major cryptocurrencies each week.

Finder's experts give two some breathing room

Our experts moved from bearish to slightly bearish on two cryptocurrencies we poll on, but the readings remain bearish overall.

Where our crypto prediction panel stands

This weekLast week
BitcoinBearishSlightly bearish
EthereumSlightly bearishBearish
DogecoinBearishBearish
LitecoinBearishBearish
XRPSlightly bearishBearish
SolanaSlightly bearishSlightly bearish
OverallBearishBearish

The panel's view on Bitcoin (BTC) is bearish, a change from the week before when it was slightly bearish. A break below US$20,000 could see it fall to the next support level around US$17,500.

The panel's verdict on Ethereum (ETH) is slightly bearish, a change from the week before when it was bearish. The coin fell briefly below US$900 a few days ago, but it rose back above US$1,000, another key support level.

The panel's outlook on Dogecoin (DOG is bearish, the same as the week before. But the price is climbing at this writing after Tesla chief Elon Musk pledge support for the token in a Bloomberg interview. His praise has lifted the coin before.

The panel's view on Litecoin (LTC) is bearish, the same as the week before. It has recovered with Bitcoin and the market most recently, but remains way off its highs of last year.

The panel's prediction on Ripple (XRP) is slightly bearish, a change from the week before when it was bearish. Its moves have followed market direction over the past week.

The panel's view on Solana (SOL) is slightly bearish, the same as the week before. It's bounced off the lows of last week but has yet to set a clear direction.

Trying to get a handle on the markets? Cut through the noise with our overview of the best cryptos to buy right now, explore some strategies for how to trade crypto or see if there's a better platform for you with our guide to the best crypto exchanges.

Disclaimer: 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.

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