Our crypto prediction panel turn slightly bullish overall on six popular cryptocurrencies through the week of June 20.
Bitcoin remains above US$30,000 with occasional attempts to break lower. Despite trading higher now than most of May, the downward pressure remains caused by high inflation and rising interest rates.
Finder’s crypto prediction panel remained slightly bullish on Bitcoin in the most recent survey looking out through the week of June 20.
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 overall
Our experts are slightly bullish on six popular cryptocurrencies, a change from last week when they were slightly bearish.
Where our crypto prediction panel stands
| Bitcoin | Slightly bullish | Slightly bullish |
| Ethereum | Slightly bullish | Slightly bullish |
| Dogecoin | Slightly bullish | Bearish |
| Litecoin | Neutral | Slightly bearish |
| XRP | Neutral | Slightly bearish |
| Solana | Slightly bullish | Neutral |
| Overall | Slightly bullish | Slightly bearish |
The panel’s outlook on Bitcoin (BTC) is slightly bullish, the same as the week before. Bitcoin holds above US$30,000, which is a strong support zone. This opens the way toward US$35,000 but the downward pressure remains.
The panel’s verdict on Ethereum (ETH) is slightly bullish, the same as the week before. Ether managed to hold the US$1,750 support level, but Bitcoin needs to move higher if we are to see a retest of the US$2,000 price level.
The panel’s outlook on Dogecoin (DOGE) is slightly bullish, a change from the week before when it was bearish. DOGE trades at around US$0.08 for almost a month now. The support zone to watch is $0.075 on the downside and US$0.09 on the upside.
The panel’s prediction on Litecoin (LTC) is neutral, a change from the week before when it was slightly bearish. LTC holds above US$60 but a move lower could push it down to $55.
The panel’s outlook on Ripple (XRP) is neutral, a change from the week before when it was slightly bearish. XRP trades around US$0.4, but the next move in either direction will likely depend on Bitcoin.
The panel’s verdict on Solana (SOL) is slightly bullish, a change from the week before when it was neutral. SOL holds around US$40 despite having network outages recently. If it breaks lower, there isn’t much support until US$25. A move higher will have to break US$50 first.
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:
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.
At the time of publication, Kliment Dukovski owned several cryptocurrencies.
This news is republished from another source. You can check the original article here
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