Avalanche Bridged BTC (BTC.B) is currently trading at $88,977, reflecting a slight decline of 0.59% over the past 24 hours. The price range for the last day was between $88,899 and $89,752, indicating relatively stable trading activity within a narrow band despite the minor price drop.

Trading volume stands at 4,233,604, which corresponds to 1.25% of the market cap, suggesting moderate interest among traders. The hourly moving averages are showing downward trends, with the 8 SMA at $89,193.05 and the 144 SMA at $90,185.21, pointing to potential bearish sentiment in the short term.

The RSI metrics reveal a concerning trend; the 1-hour RSI is at 31, indicating that BTC.B is approaching oversold conditions. Meanwhile, the 7-day RSI at 44 suggests that the asset is not yet oversold but is losing momentum, with a 7-day price change of -6.37%, indicating negative sentiment in the medium term.

Technically, the daily range of 853% combined with the current downward movement suggests a potential for volatility but also a risk of further declines. The recent price movements, particularly the 14-day change of -1.60% and the 30-day change of 2.24%, illustrate a lack of sustained upward momentum following recent highs.

With the all-time high of $125,862 reached on October 6, 2025, there remains substantial room for recovery; however, current technical indicators suggest that further downside is possible. Given the combination of declining RSI, negative short-term trends, and bearish sentiment reflected in moving averages, the recommendation for BTC.B is to Hold, observing the market for potential reversal signals before considering a Buy.