Bittensor’s Bullish Case Holds as Bitcoin Sets the Pace for Alt Season

Bittensor (TAO) remains in a sideways trading range that could be laying the foundation for its next advance.

The technical outlook treats this as an accumulation zone, with the bullish structure still intact. A two-week candle close below ~$177 would challenge that view and raise the risk of further losses.

Bitcoin’s June bottom supports this outlook. Its breakout from a falling wedge points toward the previous all-time high near ~$125,000.

Altcoins have followed its recovery, climbing from August lows before correcting more sharply. A decisive break above Bitcoin’s former peak could unlock stronger gains across the market.

TAO has fallen approximately 73% from the period around Bitcoin’s peak. That is a substantial decline, but smaller than the 90–98% drawdowns cited for many altcoins. Its chart also lacks a decisive sequence of lower highs that would confirm a deeper bearish trend. For now, the range remains the defining feature.

A close above resistance on the two-week chart would strengthen the case for an upward breakout. Previous candle closes and wick highs would become the next levels to watch.

Bitcoin reaching $97,000–$108,000 could help TAO clear its downward-sloping resistance. The analysis interprets its triangle as a continuation pattern, with projected bull-market gains of 445–900% if the structure resolves higher.

Another pullback could come first. Bitcoin may revisit its 0.5 Fibonacci retracement near $71,000 or reach the deeper 0.618 level. That could drag TAO toward $200 or the bottom of its range. A brief ‘wick’ into those levels would carry different implications from a sustained breakdown.

A stronger alt season would likely require two developments together. Bitcoin would need to trade above its previous all-time high while Bitcoin dominance breaks lower. Dominance measures Bitcoin’s share of the total crypto market. A sustained decline during a Bitcoin rally would signal that altcoins are gaining ground faster.

The triangle on the dominance chart points to a possible downward break. Comparisons with April 2021 and the smaller rotation in late 2024 suggest a tentative March-to-May window, though the timing remains uncertain. TAO’s signals would be a confirmed range breakout, continued Bitcoin strength, and falling dominance.