14-day crypto predictions: As cryptocurrencies trade sideways, sentiment shifts to neutral on Ethereum and Solana
Our crypto prediction panel turns slightly bearish overall on six popular cryptocurrencies through the week of July 18.
Bitcoin trades around US$20,000 after trading lower recently. Rising inflation and high-interest rates still weigh on cryptocurrencies. This could start to change if inflation numbers come lower next week.
Finder's crypto prediction panel remained slightly bearish on Bitcoin in the most recent survey looking out through the week of July 18.
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 turn slightly bearish
Our experts are slightly bearish on six popular cryptocurrencies, the same as last week.
Where our crypto prediction panel stands
|This week||Last week|
|Bitcoin||Slightly bearish||Slightly bearish|
|Litecoin||Slightly bearish||Slightly bearish|
The panel's outlook on Bitcoin (BTC) is slightly bearish, the same as the week before. Bitcoin trades at US$20,000, which has shown to be a strong support zone. The downward pressure remains, however, and we may see another test of recent lows.
The panel's verdict on Ethereum (ETH) is neutral, a change from the week before when it was slightly bearish. Ether is trading between US$1,000 and US$1,200, but a break lower could open the way to US$800 next.
The panel's outlook on Dogecoin (DOGE) is slightly bearish, a change from the week before when it was bearish. DOGE trades at around US$0.07. Where it goes next will likely depend on Bitcoin.
The panel's prediction on Litecoin (LTC) is slightly bearish, the same as the week before. LTC holds around US$50 but with heavy downward pressure. A break of this number means US$40 may be next.
The panel's outlook on Ripple (XRP) is bearish, the same as the week before. XRP holds above US$0.3, but if BTC drops significantly below US$20,000, XRP will likely follow lower.
The panel's verdict on Solana (SOL) is neutral, a change from the week before when it was slightly bearish. SOL trades between US$30 and US$40. Similar to most cryptocurrencies, the next move will likely depend on where Bitcoin goes.
Finder's experts hold long-term bullish sentiment on Bitcoin
Finder asked 33 fintech specialists in April to offer price predictions for Bitcoin by year's end. The majority predict Bitcoin will test previous highs at the end of 2022.
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.
At the time of publication, Kliment Dukovski owns cryptocurrencies.