tBTC (TBTC) is currently trading at $91,660, reflecting a 24-hour decline of approximately 1.91%. The daily price range has been notable, oscillating between a high of $94,566 and a low of $91,127, with significant trading volume of $15,025,337, indicating active market participation.

The hourly moving averages show a bearish trend, with the 8 SMA at $92,228.17 and the 13 SMA at $92,445.77 both declining, suggesting short-term selling pressure. Conversely, the 144 SMA, positioned at $91,174.79, is slightly positive, indicating potential support at lower levels, yet overall momentum remains negative as indicated by the 1-hour RSI of 39, which suggests oversold conditions.

Over the past week, tBTC has shown a modest positive price change of 3.24%, with a 14-day change of 5.34%, indicating some bullish sentiment in the medium term despite the recent decline. The 7-day RSI of 55 signals a neutral position, suggesting that there is still potential for upward movement if buying interest increases.

With the all-time high of $125,646 recorded on October 6, 2025, tBTC has substantial room for growth, yet current price action indicates a lack of strong bullish momentum. The market cap's volatility, reflected by a volume-to-market cap ratio of 2.77%, suggests that while trading activity is robust, price stability remains elusive.

Based on the combination of technical indicators and current market conditions, I recommend a Hold rating for tBTC. The potential for recovery is present, yet the bearish short-term trends and oversold indicators indicate caution for new positions until clearer bullish signals emerge.