Despite the pullback by Bitcoin, Avalanche is holding up relatively well. In this video we discuss the valuation of AVAX against USD, Bitcoin, and Ethereum. As long as Bitcoin holds above the 20W SMA, AVAX can continue to perform well. If Bitcoin drops too quickly (even above the 20W SMA), then of course altcoins can have knee-jerk reactions. TA Video by Benjamin Cowen.
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