- Bittensor ($TAO) price approaches$470, a confirmed breakout could open the path toward $600.
- $TAO sustains above the $427 Fibonacci level, aligning with bullish projections from technical analysts.
- Long-term forecasts point to $1,190–$2,000 targets as the network expansion and halving event in December 2025 fuel optimism.
Bittensor’s native token, TAO, is showing renewed strength as traders watch the $470 resistance closely. A breakout above this level could trigger a bullish wave toward $600 and reignite market excitement around the project
TAO Faces Critical Resistance at $470
Crypto analyst Ali Charts noted that $470 remains the most important resistance level for Bittensor, emphasizing that a break above it could open the path to $600. The daily chart of TAO/USDT on Binance shows strong fluctuations between $292 and $460 over several months, forming a well-defined trading range.
This range has seen repeated tests at both extremes, with buyers defending the $292 level while sellers have remained active near $460. Bittensor’s recent price recovery has pushed it back toward a key resistance area, signaling growing bullish momentum. The strong move at the end of October suggests rising confidence, likely supported by increased network activity and buying demand.
Analysts are now watching this level closely. A breakout with solid volume could confirm a new bullish phase, while rejection might lead to brief consolidation before the next move.
Trader Johnny Woo offered a long-term view, pointing to the 0.618 Fibonacci level near $427 as a critical support zone. Holding above this mark could pave the way for targets at $1,190, $1,487, and $2,047 based on Fibonacci extensions.
His chart also highlights a “Halving” event in December 2025, which could boost bullish sentiment as token supply decreases. With TAO currently trading around $438, the token seems to be forming a strong base. Continued buying above $427 may attract long-term investors preparing for potential gains ahead of next year’s halving
Market Sentiment Turns Optimistic Toward TAO
Trader @TaoOutsider shared a bullish outlook for Bittensor, predicting the token could eventually reach $5,000. He attributed this growth potential to Bittensor’s expanding ecosystem, supported by subnets, miners, funds, and decentralized projects working within the network.
According to him, the next steps for TAO’s price include breaking above $500, retesting its all-time high, and eventually moving past $1,000.This view reflects growing trader confidence as Bittensor’s network continues to develop and attract more participants.
TAO continues to attract both short-term traders and long-term investors. With bullish momentum building, the $470 resistance remains the key level that could define the next direction for Bittensor.
