14-day crypto predictions: As cryptocurrencies move higher, sentiment shifts to slightly bullish on Bitcoin
Our crypto prediction panel turns slightly bullish overall on six popular cryptocurrencies through the week of November 7.
Bitcoin finally pushed through the US$20,000 resistance level after trading between US$19,000 and US$20,000 for weeks. This opens the way toward US$21,000 and US$23,000 respectively. However, macroeconomic factors weigh heavily on riskier assets and the weakness in crypto may last for the foreseeable future.
Finder's crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of November 7.
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 bullish
Our experts are slightly bullish on six popular cryptocurrencies, a shift from last week when the sentiment was slightly bearish.
Where our crypto prediction panel stands
The panel's outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was neutral. Bitcoin trades above US$20,000, which means we could see a move higher to US$21,000 and potentially US$23,000 as short sellers will get squeezed.
The panel's verdict on Ethereum (ETH) is bullish, a change from the week before when it was slightly bearish. Ether trades above US$1,500. If ETH manages to hold this level, US$1,750 would be next.
The panel's outlook on Dogecoin (DOGE) is neutral, a change from the week before when it was bearish. After trading below US$0.065 for weeks, DOGE finally pushed above this level and now targets US$0.07.
The panel's verdict on Litecoin (LTC) is neutral, a change from the week before when it was bearish. LTC pushed past US$55. This opens the way toward US$60 now.
The panel's outlook on Ripple (XRP) is slightly bullish, a change from the week before when it was slightly bearish. XRP trades at US$0.47. It's interesting that XRP didn't follow the broader crypto market higher. This means it will likely require the SEC lawsuit resolution to propel XRP in either direction.
The panel's verdict on Solana (SOL) is slightly bullish, a change from the week before when it was slightly bearish. SOL is once again back above US$30. This puts the price in the previous trading range of between US$30 and US$35.
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.