Market Overview for Bittensor/Bitcoin (TAOBTC) on 2025-12-24

Summary
• Price action showed a 0.002435 to 0.002479 consolidation with a bullish breakout attempt.
• Volume spiked in the late session, aligning with higher highs and strong closing momentum.
• RSI reached overbought territory, indicating potential for a pullback or continuation.

Bittensor/Bitcoin (TAOBTC) opened at 0.002436 at 12:00 ET − 1, hit a high of 0.002479, a low of 0.002421, and closed at 0.002475 at 12:00 ET. Total 24-hour volume was 1,038.38, with a turnover of approximately 0.256 BTC.

Structure and Key Levels

The pair formed a bullish breakout pattern in the late hours, with a strong 5-minute bullish engulfing candle closing near 0.002475. Key support levels include 0.002440 and 0.002421, while resistance appears at 0.002480 and 0.002500.

Momentum and Volatility

MACD showed a positive crossover in the final hours, confirming bullish momentum. RSI reached 72 in the 5-minute chart, suggesting overbought conditions. Volatility, as measured by Bollinger Bands, widened in the final 6 hours, reflecting increased price swings and trading activity.

Volume and Turnover Insights

Volume surged in the final 4 hours, with a sharp increase in the 1600–1700 ET window. Notional turnover aligned with higher prices, providing confirmation of the recent upward move. Divergence was not observed between price and volume.

Fibonacci Retracements

Fibonacci retracement levels for the 0.002421–0.002479 move show 61.8% at 0.002463 and 78.6% near 0.002475. The recent close near the 78.6% level may act as a psychological pivot for short-term traders.

The market appears poised to test 0.002480 for confirmation of a short-term bullish bias. However, a close below 0.002450 could invite a retest of support, so traders should remain cautious and watch for volume divergence in the next 24 hours.