Market Overview for Bittensor/Bitcoin (TAOBTC): December 29, 2025

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 10:15 pm ET1min read
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- TAOBTC formed a bullish engulfing pattern at 0.002546 after a 1.7% pullback but failed to break above 0.002561.

- Price remained below 20-period SMA with RSI near 40, indicating weak momentum and neutral bias.

- Volume spiked to 90.29 units at 00:30 ET but failed to confirm a breakout, while Bollinger Bands signaled potential volatility expansion.

- Key support at 0.002533 held twice, with Fibonacci levels suggesting a possible test of this level again in the next 24 hours.

Summary
• TAOBTC formed a bullish engulfing pattern around 0.002546 following a sharp 1.7% intraday pullback.
• Price remains below the 20-period SMA on 5-min chart, suggesting short-term bearish bias.
• Volume spiked over 90k at 00:30 ET, coinciding with a 0.3% rebound but failed to break above 0.002561.
• RSI hovered near 40 for most of the session, indicating subdued momentum and lack of conviction.
• Bollinger Bands tightened during quiet hours, hinting at potential volatility expansion ahead.

The 24-hour session for Bittensor/Bitcoin (TAOBTC) began at 0.002546 and traded between 0.002515 and 0.002579, closing at 0.002534 as of 12:00 ET. Total volume amounted to approximately 439.45 units, with a notional turnover of roughly 0.11 BTC. The pair remained in a narrow range, lacking clear directional bias despite multiple attempts to break above 0.002561.

Structure & Key Levels


Price action showed a key consolidation phase between 0.002533 and 0.002561. A bullish engulfing pattern formed around 0.002546 after a 1.7% correction, but buying failed to sustain above 0.002561. The 0.002533 level emerged as a key support, with price rebounding from it twice. A bearish divergence in volume during the rally to 0.002561 suggests weakening momentum.

Technical Indicators

The 20-period and 50-period SMAs on the 5-min chart remained in a downward bias, with price trading below both. RSI hovered between 35 and 45 for much of the session, indicating neutral to slightly bearish momentum. MACD remained below zero, with the histogram showing a slow decay in bearish momentum. Bollinger Bands showed a tightening trend during late overnight hours, suggesting potential for a breakout or breakdown.

Volume and Turnover


Volume spiked sharply at 00:30 ET, reaching 90.29 units as price moved up to 0.002559, but failed to follow through. Turnover increased during this period to 0.2298 BTC, yet price failed to close above the key resistance of 0.002561. Later in the session, volume remained relatively low during price declines, suggesting lack of bearish conviction.

Fibonacci Retracements


A key 5-min swing from 0.002515 to 0.002579 saw price retrace to the 61.8% level at 0.002546, where a bullish engulfing pattern formed. Price has since tested the 38.2% retracement at 0.002537 but failed to confirm a breakout. Daily Fibonacci levels from prior swings also suggest 0.002533 as a critical support to watch.

Looking ahead, the market appears poised to test 0.002533 again for support, with a potential rebound or breakdown possible within the next 24 hours. Traders should closely monitor volume patterns at key levels, as a sustained break above 0.002561 could signal renewed buying interest. However, limited volume and mixed momentum readings suggest caution ahead of any directional move.