Cryptocurrency enthusiasts are ecstatic after AVAX mapped out the first signs of a probable breakout, and a famous crypto analyst fueled the wave of optimism with his bullish forecast. The expert, Alan Santana, believes that AVAX graphs look pretty much alike compared to Bitcoin before it surged in price. Now, can AVAX be about to replay this scenario? An in-depth analysis and further explanation are provided here. Related Reading: Dogecoin Major Metrics Fire Bullish Signals, Can Price Cross $0.5 Drawing Parallels With Bitcoin Santana’s analysis hinged on the idea that Avalanche’s elongated consolidation phase throughout 2022 and 2023 is quite in resemblance with those phases in Bitcoin’s history. He had, in particular, mentioned that the plunge of Bitcoin from $70,000 to $49,000 was followed by a 4.5-month consolidation phase before the cryptocurrency began to recover. Similarly, Bitcoin’s resurgence above $20,000 in 2023 came after a seven-month accumulation period. ✴️ Avalanche Pre-2025 Bull-Market Accumulation Zone & Strategy By now, you already know the theme… Accumulation before bullish-wave. Bullish wave to end in a bullish-run. Avalanche vs Bitcoin: An Analogy The accumulation p ..
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