14-day crypto predictions: As cryptocurrencies hold their ground, sentiment shifts to bullish on Bitcoin
Our crypto prediction panel turns bullish overall on six popular cryptocurrencies through the week of November 14.
Bitcoin held steady above US$20,000 after weeks of trading below this key price level. This helped most cryptocurrencies hold their ground as stocks tumbled. However, macroeconomic factors still weigh heavily on riskier assets and the weakness in crypto may last until the Federal Reserve policy starts to shift.
Finder's crypto prediction panel turned bullish on Bitcoin in the most recent survey looking out through the week of November 14.
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 bullish
Our experts are bullish on six popular cryptocurrencies, a shift from last week when the sentiment was slightly bullish. This is the first time in the past few months that we are seeing an overall bullish sentiment.
Where our crypto prediction panel stands
|This week||Last week|
The panel's outlook on Bitcoin (BTC) is bullish, a change from the week before when it was slightly bullish. Bitcoin trades above US$20,000. Its current resistance level stands at US$21,000. A break of this level opens the way toward US$23,000.
The panel's verdict on Ethereum (ETH) is very bullish, a change from the week before when it was bullish. Ether trades above US$1,500. If the price holds, we could see an attempt at US$1,750 next.
The panel's outlook on Dogecoin (DOGE) is slightly bullish, a change from the week before when it was neutral. DOGE traded as high as US$0.150 following Elon Musk's acquisition of Twitter. This move is likely to be pure speculation and the price could return to US$0.1 soon.
The panel's verdict on Litecoin (LTC) is slightly bullish, a change from the week before when it was neutral. LTC trades above US$65. Its major resistance level stands at US$70 now.
The panel's outlook on Ripple (XRP) The panel's outlook on XRP is bullish, a change from the week before when it was slightly bullish. XRP trades at US$0.49 after it failed to push past US$0.50. This means we could see another drop to US$0.45 unless XRP clears US$0.50.
The panel's verdict on Solana (SOL) is bullish, a change from the week before when it was slightly bullish. SOL trades at US$32. Its current resistance level lies at US$35. A break of this level opens the way toward US$40 next.
Finder's experts hold long-term bullish sentiment on Bitcoin
Finder asked 53 fintech specialists in October to offer price predictions for Bitcoin by year's end. The majority predict Bitcoin will trade for around US$21,344 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.