Crypto analyst BigBC from *The BigBC Finance Channel* discusses Bittensor (TAO) and its possible earnings potential by 2025. He analyzes both short-term and long-term predictions along with broader market trends.
TAO Short-Term Price Action and Momentum
BigBC highlights the recent growth in TAO's price, which followed a strong rally in recent days. He points out that holders of TAO may have noticed their investments increasing.
The TAO chart displays a 'beautiful pump', reflecting a head and shoulders pattern that appeared earlier in March and April. The analyst is optimistic about approaching **$400**, emphasizing that this is a short-term target.
Long-Term Outlook for Bittensor Price
Looking at the bigger picture, BigBC identifies the anticipated price range for TAO between solid support around **$165** and resistance at **$756**. This range has remained steady for months.
BigBC believes that breaking above the resistance level at **$756** could confirm a double bottom pattern, a strong bullish signal. This could allow TAO to soar to **$3,500**.
Risks and Broader Market Trends
Despite the optimism, BigBC cautions about potential risks. The main one is the support level around **$170**—if the price falls below this, it may signal a downtrend. In such a bearish scenario, TAO could drop to **$37**.
Additionally, BigBC discusses overall market trends. Bitcoin's recent rise to **$94,000** might also uplift altcoins like TAO. It's crucial to monitor market sentiment through the Fear & Greed Index, currently at 52, indicating potential growth.
BigBC maintains his confidence in TAO, predicting it could reach **$3,500** by 2025, presenting a hopeful outlook for holders aiming for substantial gains.
