Our crypto prediction panel remains slightly bearish overall on six popular cryptocurrencies through the week of September 5.
Bitcoin trades at US$21,000, keeping most cryptocurrencies afloat. Market participants await the next catalyst, which is going to impact the price of crypto. However, macroeconomic factors still weigh down on riskier assets, meaning it could take months before we see a meaningful move higher.
Finder’s crypto prediction panel turned slightly bullish on Bitcoin in the most recent survey looking out through the week of September 5.
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 slightly bearish
Our experts are slightly bearish on six popular cryptocurrencies, the same as last week.
Where our crypto prediction panel stands
|Litecoin||Slightly bullish||Slightly bearish|
|Overall||Slightly bearish||Slightly bearish|
The panel’s outlook on Bitcoin (BTC) is slightly bullish, a change from the week before when it was neutral. Bitcoin dropped to US$21,000 after failing to reclaim US$25,000. This price has to hold if we are to see another attempt higher.
The panel’s verdict on Ethereum (ETH) is slightly bullish, a change from the week before when it was neutral. Ether trades at US$1,600 after it failed to push past US$2,000. This price level isn’t out of reach, given we’re moving closer to the Merge date.
The panel’s outlook on Dogecoin (DOGE) is bearish, a change from the week before when it was slightly bearish. DOGE trades back at its support level at US$0.07. If Bitcoin moves to US$25,000 in the coming weeks, it may pull DOGE at US$0.09 with it.
The panel’s verdict on Litecoin (LTC) is slightly bullish, a change from the week before when it was slightly bearish. LTC trades at US$57 after it failed to move past US$65. This means we could see LTC drop back to US$50 unless BTC moves higher.
The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was slightly bearish. XRP dropped to US$0.33. This means we could see the price drop to US$0.325 next.
The panel’s verdict on Solana (SOL) is neutral, a change from the week before when it was slightly bearish. SOL trades in a narrow range of between US$35 and US$45 for more than a month. It now stands at US$35, its support level, meaning it could bounce to US$40 next.
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.