All time high was 60 dollars, and right now it is 30 dollars. By comparison bitcoins ATH is at 64k and that means we dropped to 30k and went to 45k and recovered a bit. Why can't avax do the same? I believe that I am sure we can see Avax go to 40+ dollars as well, just like how bitcoin did, and that means a 50% profit for Avax in the short term. Think about the price just like bitcoins price but instead of "ten thousand" there is just $ at the same place, instead of bitcoin being 30k then avax at $30, instead of bitcoin at 45k, avax should be $45 and so forth and go hand in hand if you ask me. That should be what we need to see in the price of bitcoin, and we do not see it just yet.
Short term is a good increase for avax for sure, and if we have long term bull run for bitcoin then we should have the same bull run for avax as well. I can't say bitcoin will have a bull run, but there is a good chance that it "may" and that should help avax as well.
The market needs to get out of China in future weeks before it can helps altcoins to rose again. Bitcoin needs to be stable or not rise too strong. If Bitcoin crashes, the market will see another panic and altcoin investors are more panic than Bitcoin investors.
Sideway is best for altcoins but after a bad September, I think Bitcoin will have good October. Altcoins will rally and some with big upgrades will have growth to new all time highs.