Date: Mon, July 14, 2025 | 07:05 AM GMT
The cryptocurrency market has entered historic territory today, with Bitcoin (BTC) soaring to a new all-time high of $122,000. Ethereum (ETH) is riding this bullish momentum too, posting an 18% weekly gain. This wave of bullishness is lifting major altcoins — and Bittensor (TAO) is now flashing signs of joining the rally.
TAO has gained 8% today, pushing its weekly rally to a notable 28%. But behind this price strength is something even more technically significant — a harmonic pattern emerging on the chart that could point to a powerful continuation in the coming weeks.
Harmonic Pattern Hints at Bullish Continuation
A detailed view of TAO’s daily chart reveals the formation of a classic Bearish Butterfly harmonic pattern. This structure is widely followed by traders and often precedes major trend shifts once the final “D” point is reached. However, before the reversal occurs, the CD leg — which is currently unfolding — is typically marked by strong upside.
The pattern began forming from point X near $588.58 and followed a familiar harmonic rhythm: a drop to point A, a recovery to point B, then another corrective dip to point C around $287.74. Since forming that low, TAO has reversed course and is now trading near $421 — reclaiming critical ground and showing bullish structure.
According to the harmonic setup, if the CD wave continues, the Potential Reversal Zone (PRZ) lies between $702.99 (1.272 Fibonacci extension) and $848.54 (1.618 Fib extension). These levels are often where the Butterfly pattern completes its cycle, potentially triggering consolidation or profit-taking after the rally.
What’s Next for TAO?
If Bittensor maintains this bullish momentum with increasing volume, traders could see a potential move of over 66% toward the $702.99 target — where point D is projected to form. That zone also marks a likely resistance, which could serve as a critical decision point for bulls.
That said, staying above the 200-day moving average, currently around $361, will be key to keeping this bullish pattern intact. A failure to hold that level may weaken the setup and invite short-term correction.
Still, the structure is clear, and with broader market sentiment strongly in favor of bulls, TAO could be gearing up for its next major breakout.
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