Bitcoin dominance is still in the lead as altcoins look to take over.
Altcoins have been steadily showing more indicators for a massive pump.
Analyst expats AVAX to hit $126.03 and then shoot to $243.
Bitcoin price fluctuates between $97,000 and $98,000 exhibiting strength and resilience despite BTC Dominance falling to 55%. Since Bitcoin’s latest ATH set about two weeks ago at $108,268.45. Analysts have been patiently waiting for BTC price to recover since its fall to the lower $90,000 price range.
Altcoins Take Over as Bitcoin Remains Quietly Strong
In the coming months, analysts expect Bitcoin (BTC) price could shoot up to hit new ATHs starting from $110,000 to $113,000 until going much further to the $200,000 price target. Meanwhile, focus has shifted to altcoins just as some altcoins have gone on to set new ATHs, SUI being the latest of such records.
Historically, altseason has arrived in Q1 of the year following a Bitcoin Halving year, this same scenario is playing out now and analysts expect altseason to be imminent. Some analysts expect the bullish phase of the expected altseaon to be led by the pioneer altcoin ETH, an asset that has yet to set a new ATH this bull cycle.
Analyst Expects Major Pump for Altcoin AVAX
https://twitter.com/JavonTM1/status/1875541077702144345
Similarly, many other altcoins show strong indicators for a parabolic pump to arrive in the coming months. One such altcoin is Avalanche (AVAX). As we can see from the post above, AVAX looks to be 'long overdue' for a continuation towards the $126.03 target. Thus, the analyst expects a pump of over 191% which could lead to a greater pump of over 90% to hit $243.
The post AVAX Targets Set for $126.03 and $243 as Avalanche Shows Bullish Indicators in the Comin Altseason Pump appeared first on Crypto News Land.
