bullish

Bittensor

Show

Buddha

Gains

<p>The Bittensor network’s expansion is <a href="https://captainaltcoin.com/bittensor-price-prediction-tao-could-surge-to-3k/" target="_blank" rel="noopener noreferrer nofollow">fueling optimism around the TAO token</a>, as market analyst Bitcoin Buddha predicts a surge to a new all-time high. Reflecting on the network’s growth, Bitcoin Buddha’s tweet highlighted the potential for TAO to overcome resistance levels, setting the stage for a bullish breakout.&nbsp;</p>
<p>The Bittensor (TAO) price chart, by Bitcoin Buddha from late 2023 through 2024, reveals a fluctuating trend marked by sharp spikes and corrections.&nbsp;</p>
<p>The current phase shows price consolidation within a symmetrical triangle pattern, typically associated with market indecision. This setup suggests that a breakout may occur soon, potentially leading to substantial volatility in either direction.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Bittensor?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bittensor</a> network continues to expand, and the <a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> price is reflecting this growth. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br> Just a few days ago, many were hoping for a dip to load up on, and they are afraid to grab some. <br><br> I believe that any dips will be quickly absorbed, and <a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a> will surely reach a new… <a href="https://t.co/mqvocxLYpv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/mqvocxLYpv</a></p>— Bitcoin Buddha (@Bitcoin_Buddah) <a href="https://twitter.com/Bitcoin_Buddah/status/1848741083758678455?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>From April to August 2024, TAO traded within a descending channel, forming lower highs and lower lows. However, recent price actions indicate an attempt to exit this bearish phase.&nbsp;</p>
<p>The symmetrical triangle suggests a critical juncture, where <a href="https://beincrypto.com/bittensor-price-faces-decline/" target="_blank" rel="noopener noreferrer nofollow">price movement could determine whether TAO</a> continues its ascent or encounters resistance.</p>
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-identified-strong"><strong>Key Support and Resistance Levels Identified</strong></h2>
<p>Bitcoin Buddha’s analysis identified critical support and resistance levels for $TAO, which play a vital role in determining its price trajectory. The $209.31 and $364.72 marks have served as strong support, absorbing selling pressure and preventing sharp declines. This indicates a robust base that traders may view as potential buying zones.</p>
<p>On the resistance side, $647.12 has been a key hurdle where the price has previously struggled to break through. Should TAO manage to surpass this, the next significant barrier lies at $777.90. Overcoming these resistance levels would solidify a bullish trend, paving the way for TAO to target a new all-time high.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/where-is-the-buy-zone-for-cardano-ada-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Where Is the Buy Zone for Cardano (ADA)? Analyst Weighs In</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-positive-sentiment-surrounds-bittensor-network-growth-strong"><strong>Positive Sentiment Surrounds Bittensor Network Growth</strong></h2>
<p>In his tweet, Bitcoin Buddha underscored the expanding Bittensor network as a fundamental driver for $TAO’s anticipated price growth. The network’s expansion reflects increasing adoption and integration, strengthening <a href="https://coinmarketcap.com/currencies/bittensor/" target="_blank" rel="noopener noreferrer nofollow">TAO’s underlying value</a>.</p>
<p>The analyst believes that any short-term dips are likely to be absorbed quickly, supporting the idea of sustained upward momentum. This perspective aligns with the ongoing consolidation phase, hinting at a possible breakout to higher levels in the near term.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bittensor-price-prediction-analyst-forecasts-taos-surge-to-new-all-time-high/" rel="noopener noreferrer nofollow">Bittensor Price Prediction: Analyst Forecasts TAO’s Surge To New All-Time High</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bittensor Price Prediction: Analyst Forecasts TAO’s Surge To New All-Time High

Table of Contents

CaptainAltcoin

Other articles published on Oct 22, 2024

Bitcoin Surges as Market Interest Grows

Solana Breaks Records, but Sui Surpasses SOL For Daily Transactions – Discover an Altcoin That Co...

Unequal Justice? Comparing Sentences for Crypto Crimes

Bitcoin Voter PAC Backs Ted Cruz as Early Voting Begins in Texas

Exclusive Premiere in Dubai: Why You Can’t Miss ‘Decentralized No Matter What V.2’—Blockchain’s G...

Bitcoin Price to Rally 200%: Top Mining Stocks to Watch in Q4

Join our free newsletter for daily crypto updates!