Bittensor Gears Up for Initial TAO Halving, Anticipating a Possible Bullish Rally

Bittensor Halving Event: Bittensor's first halving on December 14, 2025, will reduce the supply of its native currency, TAO, by half, potentially leading to price appreciation due to increased scarcity.

Price Momentum: The price of Bittensor has shown bullish momentum, trading around $293, with technical indicators suggesting a possible breakout above $300, potentially reaching $400 if resistance levels are overcome.

Market Influences: Bittensor's price is also influenced by broader cryptocurrency market trends, particularly movements in Bitcoin and Ether, which could affect its bullish outlook.

Potential Risks: Despite positive signals, there is a risk of a price pullback if Bittensor falls below the $280 support level, which could lead to further declines towards $250.