Bittensor Price Update: Headed to ATH and above

7월 21일

Bittensor was FUDded by different articles writing overexagerations about the significant network attack. The community dealt with the issue accordingly. The network was in Safe Mode, which means transactions were halted but the network still produced blocks. Lots of articles claimed that hackers STOLE 8 million worth, but that's not the case.

The price has broken above the Daily 50 Moving Average [MA] and is headed towards the 200 MA.
The MAs have crossed on the 4 HR chart, and it looks like another Bullish Golden Cross.

Overall I'm extremely bullish on the long term. This can significantly evolve into GAINS of proportions yet unseen.. Grayscale has also opened positions on TAO. You do the maths. I hope you accumulated until now. There will always be opportunity to accumulate more.

Extremely Bullish
Broken 50 MA -> Headed towards our First target 200 MA
Price broke above the red downtrend trendline. A break above the yellow downwards trendline will mean an upside potential of 100% short term.

IF it breaks the 200 MA, I'm expecting another revisit to ATH, which for now is my main target.
Still a good entry point. I believe it's going to go way above ATH, but it's crypto after all. Anything can go wrong before it gets better.
On the Wall Street Investment sentiment we seem to be breaking out of the Bear Trap zone, which means the Bull is yet to come.

What's your opinion?
NFA. Just my personal thesis and 2 cents.

Peace and love.