Short term correction over, long term momentum returns for TAO
2025-01-05
Category: None

After our previous short-term correction trade for TAO is complete, we return to the long-term time-frame for Bittensor. The correction did happen as predicted, but the buy support was extremely strong and thus TAO rebounded convincingly and quickly.

According to long term FIB extension long-term targets are somewhere around 3100 USD, which is a reasonable target for AI as the dominant thesis of crypto.

Very bullish on Bittensor long-term.