Our crypto prediction panel remains bearish overall on six popular cryptocurrencies through the week of July 11.

Bitcoin trades around US$20,000 as macroeconomic factors weigh down. With rising inflation and high-interest rates, the downward pressure on cryptocurrency remains. This means price rallies at this point are likely to be a bull trap.

Finder’s crypto prediction panel turned slightly bearish on Bitcoin in the most recent survey looking out through the week of July 11.

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 bearish overall

Our experts are bearish on six popular cryptocurrencies, the same as last week.

Where our crypto prediction panel stands

Bitcoin Slightly bearish Bearish
Ethereum Slightly bearish Slightly bearish
Dogecoin Bearish Bearish
Litecoin Slightly bearish Bearish
XRP Bearish Slightly bearish
Solana Slightly bearish Slightly bearish
Overall Bearish Bearish

The panel’s outlook on Bitcoin (BTC) is slightly bearish, a change from the week before when it was bearish. Bitcoin trades at US$20,000, a strong support zone. However, the downward pressure remains and we may see a drop to US$17,500 once again.

The panel’s verdict on Ethereum (ETH) is slightly bearish, the same as the week before. Ether is trading between US$1,100 and US$1,200. We could see a drop to US$1,000 or below in the weeks to come.

The panel’s outlook on Dogecoin (DOGE) is bearish, the same as the week before. DOGE trades around US$0.07 now. A larger move in either direction will likely depend on what Bitcoin does next.

The panel’s prediction on Litecoin (LTC) is slightly bearish, a change from the week before when it was bearish. LTC holds above US$50. A move below will likely test the US$40 level.

The panel’s outlook on Ripple (XRP) is bearish, a change from the week before when it was slightly bearish. XRP holds above US$0.3, but if BTC drops below US$20,000, XRP will likely follow lower.

The panel’s verdict on Solana (SOL) is slightly bearish, the same as the week before. SOL trades between US$40 and US$30. Its next support zone is US$25, which we may see soon.

Finder’s experts hold long-term bullish sentiment on Bitcoin

Finder asked 33 fintech specialists in April to offer price predictions for Bitcoin by year’s end. The majority predict Bitcoin will test previous highs 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.

Disclaimer: 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.

At the time of publication, Kliment Dukovski owns cryptocurrencies.

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