Date: Tue, July 15, 2025 | 12:40 PM GMT
The cryptocurrency market has entered historic territory , with Bitcoin (BTC) soaring to a new all-time high of $123,000. Ethereum (ETH) is riding this bullish momentum too, posting an 16% weekly gain. This surge of bullishness is lifting major altcoins across the board — and Bittensor (TAO) is among those gaining attention.
The AI token has rallied by 33% over the past week, extending its remarkable 90-day surge to 81%. While these gains are noteworthy, what’s even more compelling is the emergence of a harmonic pattern — signaling that the more gains on horizon.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, TAO appears to be forming a Bearish ABCD harmonic pattern — a well-known structure in technical analysis that signals trend exhaustion at its final leg but also typically sees strong bullish momentum before reaching the target.
The pattern began forming in early April from point A near $167, followed by a powerful move to point B at around $492. After a corrective move to point C near $287, TAO resumed its uptrend and is now trading close to $428 — well on its way to completing the CD leg of the pattern.
If the current bullish trajectory continues, the Potential Reversal Zone (PRZ) lies near $590, which corresponds with the 1.51 Fibonacci extension level — a classic ABCD pattern target.
What’s Next for TAO?
The technical setup suggests there may be another +37% rally ahead for TAO before it reaches the PRZ at $590. This level is likely to act as a major resistance zone, where some traders could start to take profits or prepare for a possible short-term pullback.
Given the strength of the broader market and TAO’s momentum, this pattern could very well lead to another leg higher — making TAO one to watch closely in the coming days.
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