Bitcoin (BTC) is currently trading at $103,016, reflecting a slight decline of -0.18% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $103,982 and a low of $103,028, indicating a volatility percentage of 0.954%.

The volume over the last 24 hours stands at approximately $16.86 billion, contributing to a volume-to-market cap ratio of 0.82%. This suggests a moderate level of trading activity, but the persistent decline in price across longer time frames, with a 30-day change of -7.70%, indicates weak investor sentiment.

Technical indicators reveal that the short-term moving averages are trending downward, with the 8 SMA at $103,707 reflecting a decrease of -0.67%, and the 144 SMA at $105,136 showing a more significant drop of -2.02%. The one-hour RSI at 36 suggests oversold conditions, while the seven-day RSI at 47 indicates a neutral to bearish trend, as it remains below the 50 threshold.

From a longer-term perspective, the 7-day and 14-day price changes of -1.53% and -2.34% respectively further illustrate the bearish momentum. With the current price significantly below the all-time high of $111,814 reached on May 22, 2025, the market appears to be under pressure, influenced by both technical and fundamental factors.

Given the current price action, bearish sentiment across various time frames, and the weak technical indicators, the recommendation for Bitcoin (BTC) is a Hold. This approach is advised as the price appears to be stabilizing, but further confirmation of a reversal or bullish momentum is necessary before considering a Buy.