tBTC (TBTC) is currently priced at $89,819, having experienced a slight decline of 0.80% in the last 24 hours. The daily trading range has been relatively tight, with a high of $91,213 and a low of $89,765, indicating low volatility despite a substantial trading volume of $5,841,130.

Technical indicators show that short-term moving averages (8 SMA at $90,448.22 and 13 SMA at $90,440.11) are trending downwards, while the 144 SMA is slightly up at $88,940.31. The 1-hour RSI is at 32, suggesting oversold conditions, while the 7-day RSI at 52 indicates a neutral trend, reflecting indecision among traders.

From a longer-term perspective, tBTC has experienced significant price changes, with a 30-day decline of 16.73% and a contrasting 7-day increase of 6.39%. The All-Time High of $125,646 achieved on October 6, 2025, remains a critical resistance level, which highlights the substantial downside from current levels.

Given the current technical indicators, the short-term bearish trend and oversold conditions from the 1-hour RSI suggest that a bounce-back could occur soon. However, the overall trend remains negative, especially with the 30-day price change indicating a bearish sentiment among investors.

Based on this analysis, I recommend a Hold rating for tBTC at this moment. The potential for a short-term recovery exists, but without clear signs of a reversal in the broader trend, maintaining current positions is advisable until more favorable conditions arise.