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Finder’s crypto experts now bullish on Bitcoin, bearish on others

Posted: 12 February 2022 6:00 am
News
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Our crypto prediction panel has shifted on Bitcoin, which suggests they see it breaking out of recent range-bound trading.

Bitcoin's price still seems stuck in a range between US$40,000 and US$45,000, but a panel of crypto experts that aim to predict prices for Finder has turned bullish.

Finder's crypto prediction panel shifted to bullish from neutral, looking out through the week of February 20. Three panelists were bullish, up from one previously, and two bearish. A move up would need a catalyst to push the price past US$45,000 and keep it there.

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.

Ripple has made the biggest moves recently

In the past seven days, Ripple (XRP) gained 33%, more than twice Bitcoin's (BTC) move and more than three times what Ethereum (ETH) earned during the same period.

The reason for this comes out of the legal battle between the Securities and Exchange Commission (SEC) and Ripple. In essence, the SEC lawsuit accuses Ripple and two top executives of conducting an unregistered offering of US$1.3 billion in XRP between 2013 and 2020.

The process is concluding soon, and recent court action suggests a high chance that it will end favorably for Ripple, which is why XRP has been moving up.

Finder's crypto experts still bearish sentiment overall

The only clear shift in sentiment was on Bitcoin, where it moved from a neutral sentiment a week ago to a bullish one for the week of February 21. On the other crypto predictions:

  • Sentiment on Ethereum remained bearish overall, the same as the previous week. However, from the five panelists with bearish sentiment last week, two panelists turned bullish for the week ahead.
  • 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 two experts who are bullish on Dogecoin's outlook for the week ahead.
  • The view of Litecoin (LTC) is dominantly bearish, similar to the previous week, with two experts having a neutral sentiment for the week ahead.
  • The experts remain bearish on Ripple (XRP) despite recent moves, same as last week.
  • Solana (SOL) remained bearish, the same as the previous week. However, one expert is bullish for the price for the week ahead as opposed to no bullish sentiment the previous week.

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 are bullish on Bitcoin and believe it will make new all-time highs at the end of 2022.

You can learn more about our experts' outlooks on cryptocurrency prices in our Bitcoin price prediction article.

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.

Kliment Dukovski owns Bitcoin, Ether and Solana as of the publishing date.

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