Bitcoin’s price still affects the whole crypto market. It hit $90,000 but has now dropped to $78,000. Some experts think if it falls to $70,000, we might see big price swings in other cryptocurrencies, including Bittensor (TAO).
TAO is an AI-focused cryptocurrency currently worth about $222, down 10.2% in the last day. Even with this drop, more people are trading it; volume is up 72%. The token’s sentiment remains positive, with 84% of the community on CoinMarketCap expressing bullish views.
Given the potential BTC dip, we asked ChatGPT to analyze three possible price scenarios for TAO: pessimistic, realistic, and optimistic.
What you'll learn 👉
Pessimistic Scenario for TAO Price
If Bitcoin drops to $70K due to macroeconomic concerns, market-wide liquidations, or regulatory uncertainty, altcoins could see increased selling pressure.
Under this scenario, Bittensor (TAO) price might struggle to hold its current levels and break below key support zones at $200. If selling pressure intensifies, the price could drop to $150-$180. Analysts have noted that TAO has been forming a descending triangle, a bearish pattern that could lead to further downside unless strong buying interest emerges.
Realistic Scenario for TAO Price
If Bitcoin stabilizes between $70K and $75K, the altcoin market may see temporary dips but maintain overall resilience. Bittensor (TAO), backed by a growing AI ecosystem and institutional interest, could remain within the $200-$260 range.
The expansion of TAO’s subnet infrastructure, now standing at 75, alongside its staking rewards of 17% APR, continues to attract investors. Binance Labs’ backing of Tensorplex Labs adds further credibility to its long-term prospects. Analysts believe that AI-focused tokens could recover quickly once market sentiment improves.
Optimistic Scenario for TAO Price
If Bitcoin rebounds swiftly after touching $70K, altcoins could follow a similar recovery path. In this scenario, TAO’s price could hold above support and rally to $280-$350+ as demand for decentralized AI and compute power continues to grow.
Recent developments, including the dTAO upgrade and Binance Labs’ investment in key Bittensor projects, could boost market confidence. If AI cryptocurrencies keep getting popular, TAO might do better than other altcoins in the long run, even with ups and downs along the way.
Read Also: Key Indicator Reveals ONDO Price Is Primed for New All-Time High: Watch These Metrics
What’s Next for TAO?
Market analysts are watching TAO’s ability to reclaim lost ground after breaking key technical levels. Crypto traders, including Utility Bull and Lord Durden, have pointed to both opportunities and risks, emphasizing the need for the token to regain momentum.
While some traders expect continued volatility, others believe that as AI adoption grows, TAO could remain one of the most promising assets in the decentralized AI sector. Investors will be monitoring Bitcoin’s next move to gauge the potential impact on TAO’s price and the broader crypto market.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
