As Bitcoin (BTC) hovers around $68,200 and altcoins linger at yesterday's levels, investors are closely analyzing the price predictions for Avalanche (AVAX). Currently trading at $37.7, AVAX has lost the $40 level due to the recent BTC drop, leaving investors wondering what's next.

Avalanche's brief rise from $37 had sparked hopes of a turnaround, but Bitcoin's price reversal and the subsequent 1-2% loss in altcoins have complicated matters. The MACD data also indicates weak investor interest, further fueled by double-digit annual inflation, making lower levels more attractive for AVAX. With interest weakening in break-even price regions, the consolidation process continues.

The $37-41 range is a crucial level for investor cost areas, with 11.9 million AVAX (approximately $409 million) accumulated by investors. This large investor base makes it challenging for bulls, as many seek to cash out small gains. If this key area is surpassed, investors will likely hold out for higher peaks, waiting profitably. However, if the expected scenario doesn't occur, AVAX's price may retreat to the support at $31.5, perpetuating the frustrating consolidation process.

The $39-31 range has been a sticking point for AVAX for over a month, and this situation seems likely to continue. With a continuously increasing circulating supply and double-digit inflation, Avalanche faces significant challenges. The frequent circulation of hundreds of millions of dollars in supply throughout the year requires more buyers, which isn't happening at the desired level.

Despite these challenges, a potential rise could target the $48-50 break area after surpassing $42 and $45. Investors are cautiously optimistic, analyzing every move in the market. As the situation unfolds, one thing is clear: AVAX's price predictions are under the microscope, and investors are eagerly waiting to see what's next.

In conclusion, Avalanche's price predictions are shrouded in uncertainty, with weak investor interest, double-digit inflation, and a continuously increasing circulating supply posing significant challenges. While a potential rise could target $48-50, the current consolidation process and investor caution make it a waiting game for now. As the market continues to evolve, investors and enthusiasts alike will be watching closely, eager to see what the future holds for AVAX.