Our crypto prediction panel remains neutral overall on six popular cryptocurrencies through the week of August 22.
Bitcoin trades close to US$25,000 after successfully holding the previous support level of US$23,000. Macroeconomic factors still weigh down on the crypto market, meaning we need a strong catalyst to push the price past US$25,000.
Finder’s crypto prediction panel turned bullish on Bitcoin in the most recent survey looking out through the week of August 22.
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 remain neutral
Our experts are neutral on six popular cryptocurrencies, the same as last week.
Where our crypto prediction panel stands
|Dogecoin||Slightly bearish||Slightly bearish|
|Solana||Slightly bullish||Slightly bearish|
The panel’s outlook on Bitcoin (BTC) is bullish, a change from the week before when it was slightly bullish. With inflation numbers cooling, Bitcoin attempts to push through US$25,000. Failing to break this level means we could see BTC back at US$23,000. Otherwise, US$27,500 is the next target.
The panel’s verdict on Ethereum (ETH) is bullish, the same as the week before. Ether trades above US$1,800 and US$2,000 is the next target. A break over this level requires a major catalyst, though.
The panel’s outlook on Dogecoin (DOGE) is slightly bearish, the same as the week before. DOGE trades at US$0.07. Its next resistance level is US$0.075.
The panel’s verdict on Litecoin (LTC) is slightly bearish, a change from the week before when it was neutral. LTC trades above US$60. The next target is US$70.
The panel’s outlook on Ripple (XRP) is slightly bearish, a change from the week before when it was bearish. XRP failed to break through US$0.4 once again. If Bitcoin moves above US$25,000, we could see XRP take out US$0.4.
The panel’s verdict on Solana (SOL) is slightly bullish, a change from the week before when it was slightly bearish. SOL still trades in a narrow range of between US$35 and US$45. However, a break above US$45 seems likely, especially if BTC conquers US$25,000.
Finder’s experts hold long-term bullish sentiment on Bitcoin
Finder asked 33 fintech specialists in July to offer price predictions for Bitcoin by year’s end. The majority predict Bitcoin will trade for around US$25,473 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.