- AVAX targets $105–$145 in wave C as altseason nears and Bitcoin dominance begins to decline from a 64 percent peak.
- AVAX formed a 7x rally during rising BTC dominance and may repeat similar price action as capital shifts to altcoins.
- AVAX follows a clear ABC wave pattern from 2021 to 2026, aligning with macro trends and the anticipated altseason phase.
As per CyptoBullet, AVAX has shown renewed strength on the weekly timeframe, following a prolonged correction since its all-time high in 2021. The price surged sharply in early 2021, reaching nearly $145 before entering a multi-year downtrend. This decline continued into late 2022, forming a wide corrective structure. During this phase, multiple recovery attempts failed to sustain momentum.
However, in early 2023, AVAX rallied, marking the beginning of wave (A). The asset surged from around $10 to approximately $65, delivering a strong performance despite rising Bitcoin dominance (BTC.D). This 7x move occurred amid a Bitcoin-led market, showcasing AVAX’s resilience. Subsequently, the price retraced and formed wave (B), bottoming near $10 again in early 2024.
Currently, AVAX appears to be forming wave (C), targeting a resistance zone between $105 and $145. This range represents a critical supply area from previous highs. Besides, the upward move aligns with a projected altseason, indicated on the chart. During altseason, capital typically rotates from Bitcoin to altcoins, boosting their market share.
Bitcoin Dominance Signals Upcoming Altseason
The chart’s lower panel displays Bitcoin dominance from 2021 to 2025. BTC.D steadily increased from early 2022, peaking around 64%. This peak coincides with the projected start of altseason. Consequently, analysts expect a shift of capital from Bitcoin into altcoins like AVAX as BTC.D trends lower.
Moreover, the projected decline in BTC dominance supports the bullish wave (C) scenario. AVAX and similar altcoins may see renewed buying pressure during this phase. The inverse correlation between AVAX’s price and BTC dominance strengthens the altseason narrative.
Long-Term Structure Suggests Major Market Cycle
The AVAX/USDT chart presents a larger market cycle from 2021 to 2026. The ABC corrective pattern outlines clear phases of accumulation, expansion, and distribution. Wave (C) completion is projected between mid and late 2025. The resistance zone at $105–$145 may act as a final push before potential market reversal.
Additionally, the long-term structure provides traders a roadmap for anticipating macro movements. Hence, investors closely watching BTC.D may find key clues for timing AVAX’s breakout. Market signals point toward increased altcoin momentum if Bitcoin dominance starts to decline.
