AVAX Gears Up for Another 7x Move? Watch BTC Dominance
AVAX could repeat its massive rally from Q4 2023 if Bitcoin dominance drops. Key levels point to a $105–$145 target zone.
- AVAX surged 7x during rising BTC dominance in late 2023.
- A crash in BTC.D could trigger another explosive move.
- Analysts eye a target zone of $105–$145 for AVAX.
AVAX’s History of Explosive Moves
In late 2023 through early 2024, Avalanche (AVAX) shocked the market with a 7x price rally—even as Bitcoin dominance (BTC.D) was rising. This was unusual, as rising BTC.D typically signals strength in Bitcoin over altcoins. But AVAX defied that trend, outperforming most major coins during that period.
Now, with BTC.D nearing a potential reversal, analysts and traders are starting to watch AVAX again. The thinking is simple: if AVAX could rally during rising dominance, imagine what it can do when BTC.D starts falling.
The Setup for Another AVAX Wave
According to the chart setup on the AVAX 1-week timeframe, many believe the token is preparing to repeat its Wave (A) structure from 2023. Technical analysts are pointing toward a breakout pattern that mirrors the early stages of that last explosive move.
A key condition for this bullish move? Bitcoin dominance must begin to decline. When BTC.D drops, it usually signals that money is rotating from Bitcoin into altcoins—a perfect setup for tokens like AVAX to shine.
Traders are now setting their sights on a target zone between $105 and $145, should BTC.D start falling in the near future. With market momentum picking up and altcoin interest heating up, that scenario might not be far off.
Why AVAX Could Be a Top Performer
Beyond the technicals, AVAX also has strong fundamentals backing its potential rally. Its growing DeFi ecosystem, subnets adoption, and partnership with institutions like JPMorgan and AWS have put Avalanche in a unique position among Layer 1s.
If market conditions align and BTC.D begins its descent, AVAX could very well be one of the top gainers in the next altcoin season.
