14-day crypto predictions: As cryptocurrencies drop, sentiment shifts to neutral on Bitcoin
Our crypto prediction panel turns slightly bearish overall on six popular cryptocurrencies through the week of November 21.
Bitcoin dropped to US$17,500, a low that we haven't seen since June of this year. This pulled most cryptocurrencies down with it. 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 neutral on Bitcoin in the most recent survey looking out through the week of November 21.
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, a shift from last week when the sentiment was bullish.
Where our crypto prediction panel stands
|This week||Last week|
|Ethereum||Slightly bullish||Very bullish|
The panel's outlook on Bitcoin (BTC) is neutral, a change from the week before when it was bullish. Bitcoin trades at 2022's lows. Its current support level stands at US$17,500. A break of this level opens the way down to US$15,000.
The panel's verdict on Ethereum (ETH) is slightly bullish, a change from the week before when it was very bullish. Ether trades at US$1,200. Its current support level sits at US$1,000.
The panel's outlook on Dogecoin (DOGE) is bearish, a change from the week before when it was slightly bullish. DOGE traded as high as US$0.08. Following the broader crypto crash, DOGE failed to hold above US$0.1.
The panel's verdict on Litecoin (LTC) is bearish, a change from the week before when it was slightly bullish. LTC trades above US$55. Its major resistance level stands at US$60 now and its support at US$50.
The panel's outlook on Ripple (XRP) is slightly bearish, a change from the week before when it was bullish. XRP trades at US$0.37 after it failed to push past US$0.50. Its current price is near a strong support level, meaning it could hold for now.
The panel's verdict on Solana (SOL) is neutral, a change from the week before when it was bullish. SOL trades at US$18. After it fell through its support levels of US$25 and US$20, we could see a drop to US$13 soon.
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.