Currently, CLBTC is trading at $89,914, experiencing a slight decline of 1.75% over the last 24 hours. The price has fluctuated within a daily range of $2,921, indicating volatility in the short term.

The moving averages reveal a bearish trend, with the 8 SMA slightly positive at $89,815.32, while the longer-term SMAs show declines, particularly the 55 SMA at $91,983.13, which is down 2.25%. Additionally, both the 1-hour and 7-day RSI values are below 50, suggesting that the asset is in a bearish momentum phase and may be oversold.

In terms of volume, CLBTC has recorded 2,768.97 with a negligible volume-to-market cap ratio of 0.00%, signaling low trading activity and potential liquidity issues. The 7-day price change of -6.22% and the 14-day decline of -3.64% reflect ongoing bearish pressure, while the 30-day price change of +0.59% indicates some recovery in the longer-term context.

With the current price significantly below its all-time high of $129,190 reached in July 2025, there is substantial room for growth; however, the recent downward trends and lower RSI values indicate a lack of bullish momentum. Technical indicators suggest that the asset may be consolidating before a potential reversal, but the current sentiment remains cautious.

Given the analysis of price trends, moving averages, and momentum indicators, the recommendation for CLBTC is a Hold. This stance is based on the potential for recovery in the longer term while acknowledging the current bearish sentiment and market volatility.