As you can see on the chart, Tao failed to sustain its position above the Deviation Box. The rejection at that level has pushed the price significantly lower.
On the 4-hour (4H) time frame, we have clearly witnessed a Market Structure Shift (MSS). Additionally, a very important Trendline has been broken, which confirms the bearish momentum in the short term.
My Prediction:
Short-term Target: I expect the price to reach the $206 level within the coming month.
Monthly Outlook: There is a strong possibility that it will sweep the December monthly candle lows before we see a trend reversal.
January Pump: After this correction and liquidity sweep, we could see a strong recovery and a massive pump for Bittensor (TAO) in January!
Always do your own research (DYOR) before trading.
#BTC90kChristmas Headline: BTC Breaking Barriers! 🚀 Bitcoin is showing strong momentum on the 4H chart. We just saw a clean breakout from the descending trendline, and the price is currently hovering around the $90k psychological level. If we manage to flip this resistance into support, the next targets are looking very bullish. Notice the liquidity zones marked in pink—patience is key here. As the chart says: "Don't FOMO, Just Patience." What’s your take? Are we heading to $100k before the New Year? 📉📈 #BTC #Bitcoin #TechnicalAnalysiss #CryptoTrading $BTC $ETH $SOL bitcoin can face short but it's bullish if in Htf#BTC90kChristmas