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Bitcoin 
$103,169 has quickly tested the crucial threshold of $88,500 before reverting back to find support at $86,800. The volatility in the leading cryptocurrency has not yielded substantial gains for altcoin traders but remains promising. So, what are the forecasts for AVAX, Shiba Coin, and Pi Coin?
What is the Expected Price for AVAX?
The $20.7 level has been tested once again today, but AVAX has struggled to break through this crucial area. The rapid rise in BTC prices did not lead to new peaks or higher closing levels, which is disappointing. While the recent BTC drop may have been a trap, investors have witnessed numerous false rallies over the months, causing AVAX to quickly drop towards $20 after the price fell below $87,000.
What we will be monitoring is the strength of BTC. If the $88,500 level can be surpassed in the coming hours, we could see increased risk appetite in altcoins for a larger rally targeting $92,000. This optimistic scenario would require a reversal in the downward trend observed in the US markets.
For years, cryptocurrencies have been treated similarly to technology stocks, which is evident in their weak performance even as gold reaches all-time highs. This is justified, as the investor profile today is drastically different from that in Bitcoin’s early days. The inclination of investors also reflects this trend, impacting performance. More positive news regarding tariffs could uplift both stocks and cryptocurrencies, though we have not seen such announcements yet.
Should the momentum continue for AVAX, targets of $23.4 and $27 may come into play. Conversely, a downturn could see the $18.5 range being retested. As this article is being prepared, BTC continues to find support at $86,860.
Price Predictions for SHIB and Pi Coin
Shiba Coin has tested numerous lows at $0.00001064. Although the price doubled over 122 days after the test in August, it has been declining for 135 days since peaking. It is natural for prices to briefly plateau at their peaks, but prolonged downward trends frustrate altcoin investors.
In the short term, SHIB’s price is expected to test $0.00001388 with a rise in BTC prices, aiming to challenge $0.00002163 for new peaks.
Despite closing above $0.6, Pi Coin is struggling to draw sufficient buyers. Speculation about excessive valuation during the airdrop has been widespread, compounded by a lack of transparency regarding supply. As we prepare for upcoming announcements in May, the $0.74 level emerges as a key milestone for potential new highs. If successful, it could surpass the $1 threshold again.
