🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Is Bittensor (TAO) Set to Continue Its Rebound? Emerging Pattern Signals Potential Upside Move
Date: Thu, May 08, 2025 | 05:55 AM GMT The cryptocurrency market continues to build on its recent strength, with Ethereum (ETH) leading the charge. ETH has climbed more than 20% over the past month and is now trading above the $1,900 mark — its highest level in months. This resurgence is also helping to lift sentiment across major altcoins, including one standout performer: Bittensor (TAO). Following a heavy correction in Q1, TAO has bounced back sharply — rising 88% over the past 30 days and trimming its year-to-date losses to around 10%. Now, the price action is forming a bullish reversal pattern on the chart.
Source: Coinmarketcap Inverse Head and Shoulders Pattern Appears on Chart $TAO is currently forming an inverse head and shoulders pattern — a classic and strong bullish setup. After completing the Left Shoulder, TAO dropped to a low of $167 where it formed the Head. It then made an impressive rebound and recently bounced again from the $340 support area, forming the Right Shoulder. Now, the price is approaching the neckline resistance while trading around $394.
Bittensor (TAO) 4H Chart/Coinsprobe (Source: Tradingview) If TAO manages to break above the neckline resistance, this would validate the pattern and could open the door for more upside. From here, a breakout could push the price towards the next resistance zone near $490–500, a move that would represent over 25% upside from the current level. However, failure to break the neckline could lead to a short-term pullback back towards the $350–340 support region before any further upside. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.